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Testimony

November 2, 2007

10:30 - 12:30      Discussion of Second Concept: The costs of promised benefits should be fully identified, known, and paid for within the working career of those receiving the benefit. The process for funding those benefits should be clear, easily understood, and actuarially sound.

• Prefunding OPEB Obligations
• Mitigation of Market Volatility
• Tax Issues


ATTCH: PEBC Oakland Discussion

2:00 - 2:30      San Francisco Case Study

• Clare Murphy, Executive Director, San Francisco Employees Retirement System
• David Christianson, Consultant, PEBC


ATTCH: Governor's Commission presentation

Written Comment

• CAL STRS - NOVEMBER 2007 POLICY REPORT