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PROPOSED CHANGES TO CALPERS RISK POOLS <br /> • Chief Actuary's likely recommendations: <br /> • Combine Classic and PEPRA Risk Pools into one Miscellaneous Risk Pool <br /> and one Safety Risk Pool <br /> • Allocate unfunded liability to each employer based on liability rather than <br /> payroll <br /> ❑ Future experience gains and losses will be pooled and allocated to <br /> employers <br /> ❑ Employers can pay off unfunded liability as they could with side funds <br /> • Calculate employer contribution towards unfunded liability as percentage of <br /> payroll but collect contributions as dollar amount <br /> • Continue normal cost as percentage of payroll since pools include new <br /> members <br /> • Likely little or no change in employer rates <br /> (ID <br /> March 18,2014 5 ' ' <br /> PROPOSED CHANGES TO CALPERS RISK POOLS <br /> This page intentionally blank <br /> 4 <br /> i u � <br /> k- 1 I f <br /> `� <br /> March 18,2014 6 s k�Its <br />