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Testimony

November 13, 2007

11:00 - 2:30      Discussion of Third Concept: In order to build awareness, support, and trust by taxpayers, including the employees of public agencies, the process through which benefits are adopted, modified and/or paid for needs to be open, transparent and defensible.

• Encouraging Awareness
  • Timeliness of Reporting Data
  • Increasing Public Awareness
• Creating an Open and Defensible Process
  • Actuarial Review Panel
  • Actuarial Assumptions
  • Funding Benefit Changes/ Actuarial Review of Proposed Benefits
  • Actions that Hurt the Credibility of the System-Spiking and Disability Fraud
• Building Taxpayer Support and Trust
  • Operational/Administrative Governance



ATTCH: PEBC Sacramento Discussion

• Discussion
• Appendix
• PowerPoint Discussion
• Uniform Trustee Appointment Process

Information Material

• Pension Speech
• Committee on Fund Governance-Best Practice Principles