CalPERS approves accounting change that will boost employer contributions

... , Sacramento, will now base the contribution rates paid by state and local government taxpayers on how much the pension fund needs to reach 100% funding within 30 years. The change is projected to cause the rate those governments are charged to ...

http://www.pionline.com/article/20130417/DAILYREG/130419891/calpers-approves-accounting-change-that-will-boost-employer-contributions