The official preliminary investment return for fiscal year ending June 30, 2024, had been reported at 9.3% (9.2% net of administrative fees). This exceeds the CalPERS discount rate assumption of 6.8% by 2.4%, which will provide some relief during the peak years of the unfunded accrued liability (UAL) payment schedule but will not significantly alter the payment trajectory from FY (Fiscal Year) 2023-24 to FY 2028-29. This newsletter provides essential updates on CalPERS' investment returns and actuarial valuations, helping local agencies plan for future financial obligations and adjustments. Stay informed to effectively manage your agency’s pension and payroll commitments.
Join us as the City of Columbus discusses the challenges posed by high inflation, wage compression, and low unemployment with GovInvest Labor Costing experts.
Since its inception a decade ago, GovInvest has revolutionized financial and workforce analytics for governmental entities across the nation. Through innovative software and unparalleled industry expertise, GovInvest consistently delivers tailored solutions to meet the unique challenges faced by public organizations, including recruitment and retention.
By embracing GovInvest's Analytics Platform, Cook County reaffirms its commitment to sound financial stewardship and transparency. This partnership underscores GovInvest's shared dedication to driving positive change and delivering value to agencies nationwide.
Join us for an insightful webinar as Placer County discusses the challenges posed by high inflation, strains on federal reimbursements, and low unemployment with GovInvest Labor Costing experts.
The implementation of GovInvest Labor Costing Software has instilled confidence in cost estimates and increased efficiency in the negotiation process. The City of Columbus stakeholders appreciate the speed at which calculations are done, reducing wait times and allowing for more informed decision-making.
The 2023 WorkforceLIVE virtual event will show you how to collect truly comparable compensation data that enables your agency to set direction with confidence and build trust through transparency and accuracy.
In today's rapidly evolving public sector landscape, efficiency and transparency are paramount. Enter GovInvest – a leading finance and HR analytics software platform tailored exclusively for government.
The 2023 Trailblazer Awards recognize public sector agencies and leaders leveraging real-time data to streamline employee labor management, compensation analysis, and benefits cost evaluation.
GovInvest’s pioneering Live Compensation Module is transforming how public sector leaders address compensation challenges. The Live Compensation Software is the latest innovation in the GovInvest Enterprise Platform, integrating market data with internal personnel costs. The result is comprehensive workforce analytics and confident decision-making.
GovInvest has formed a strategic partnership with the Connecticut Conference of Municipalities (CCM) to provide improved compensation and workforce analytics for CCM's member agencies. Through GovInvest's Enterprise Platform, CCM aims to simplify workforce analytics, enabling confident decision-making for statewide municipal members.