Stanford Institute for Economic Policy Research to Release California Independent Pension System Reports

The Stanford Institute for Economic Policy Research (SIEPR) will release a report documenting the financial health of California's largest independent public pension systems. As a single fund, these independent systems would rank immediately behind CALPERS as the second largest U.S. pension system, yet they receive limited attention. Also, these independent pension systems may have a more direct impact on the lives of California citizens than that of the statewide systems. This report explores the financial health of the 20 largest independent systems, benefit levels, and it projects future funded levels and their impacts on non-pension spending.

California Common Sense will release a suite of interactive data visualizations that illustrate the findings of these reports under a range of assumptions on their website, www.cacs.org.

Joe Nation, Stanford professor of the practice of public policy

Dakin Sloss, California Common Sense president

James Dertouzos, RAND Law, Business, and Regulation director and Pardee RAND Graduate School professor

2 p.m. to 4 p.m. Monday, Jan. 30, 2012.

RAND Corporation
1776 Main Street
Santa Monica, CA 90407

We ask media who plan to attend to let us know in advance, via e-mail.

Michelle Mosman Stanford Institute for Economic Policy Research
(650) 725-1872 — mmosman@stanford.edu

Warren Robak, RAND Office of Media Relations
(310) 451-6913 — robak@rand.org