Corona Finance Division

400 S. Vicentia Ave, Suite 320
Corona, CA 92882

951-279-3500

CalPERS Crisis

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What is the CalPERS Crisis?

Given unfunded pension obligations, our collective crisis (aka The CalPERS Crisis) is: How to effectively secure the solvent financial future of the City, its employees, and its retirees while ensuring the delivery of public services and stewardship of public resources.

What is CalPERS?

The California Public Employees' Retirement System (CalPERS) builds retirement and health security for California state, school, and public agency members. CalPERS manages the largest public pension fund in the United States. 

 

CalPERS Website CalPERS Videos

 

September 27, 2018: Study Session–Pension & Financial Forecast Update

Pension Update Pension Video

 

Frequently Asked Questions (Click Question to Expand Answer)

CalPERS 101: How does it work?
How are CalPERS benefits funded?
What are the projected CalPERS cost increases?
Why are CalPERS costs increasing?
How has Corona addressed increasing pension costs?
Can I see investment & CalPERS terminology?
What is good faith bargaining?
Can I view additional resources?

To see additional information on Corona's finances, click here.

 

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