California Debt and Investment Advisory Commission


Courses can be accessed in CDIAC’s Ed Portal, registration is required but programs are free.

Pension Fundamentals for Elected Officials is a two part-series designed to help California’s elected officials learn about pensions and their role in balancing pension costs with other policy priorities to guide their agencies toward long-term financial sustainability.

Part 1 | Pension Introduction
This part introduces the topic of pensions, explains the most common retirement plan types and differences between them, introduces common pension terminology and actuarial and investment concepts, and discusses how pension benefits are structured and funded.

Part 2 | Elected Officials’ Role in Pension Management
This part discusses common policy considerations and risk, as well as risk mitigation strategies such as advanced unfunded liability payments, establishing reserves and trust funds, and pension obligation bonds.

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