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/ /9 - � <br /> CALPERS FOCUSES ON REDUCING BUILDING STANDARDS COMMISSION <br /> VOLATILITY OF EMPLOYER REVERSES DECISION ON BUILDING CODES <br /> CONTRIBUTION RATES The League this week welcomed an 8-2 <br /> Wth reform ofthe current defined benefit decision by the State Building Standards Commis- <br /> pension program for public employees a hot topic sion to rescind their National Fire Protection <br /> in Califomia,the CaIPERS Board ofAdministration Association (NFPA)code adoption decision of July <br /> this week approved the first reading of proposed 29,2003. <br /> changes to actuarial policies to help reduce <br /> volatility in employer contribution rates. Key Noting that all state agencies are <br /> recommendations included the following: now unanimous in their agreement that the Inter- <br /> national Code Council family of codes should be <br /> • In the calculation of the actuarial value of used in California,the commission determined <br /> assets, spread market value asset gains and that the ICC codes for building standards would <br /> losses over 15 years as opposed to the current 3 function as the building codes in Califomia. <br /> years. As reported last week in Priority Focus,the <br /> • Calculate the annual contribution amount League and others had urged the commission to <br /> with regard to gains and losses as a rolling 30- reconsider its support for the NFPA code, and <br /> year amortization of all remaining unamortized instead to adopt the ICC codes. Among other <br /> gains or losses, as opposed to the current 10% of �ssues, the League was concemed that switching <br /> such gains and losses. to the untested NFPA code would cost cities <br /> hundreds of thousands of dollars to retrain fire and <br /> building officials, architects, engineers and others <br /> • Adopt a new Board policy imposing a mini- complying with California fire and building require- <br /> mum employer contribution rate. ments. <br /> The Board approved the policy changes The League thanks the cities that weighed in <br /> recommended in the agenda item and gave staff with the commission on this important issue. <br /> direction to bring specific information regarding the Clearly, your concerns were heard. <br /> implementation plans to the next meeting.To <br /> review a copy of the repo�t, visit the CaIPERS <br /> Website at www.calpers.ca.qov. <br /> The Board also instructed legal and actuarial DON'T MISS THE LEAGUE'S <br /> staff to gather additional information regarding HOUSING NEWSLETTER! <br /> pension stabilization accounts and report the <br /> findings at next month's meeting. CaIPERS Sign up for the League's latest newslet- <br /> encourages employers to attend the April 19, <br /> 2005, meeting of the CaIPERS Benefits and ter, Focus on Housing! You can self-sub- <br /> Program Administration Committee and provide scribe by visiting the League's website at <br /> comment about in these accounts. �•cacities.orp/housinqnewsletter. <br /> For a complete list of Board meetings,their The next issue will be published in early <br /> times, location, and agenda items please visit the April. City officials and others with informa- <br /> following link:www.calpers.ca.qov tion about housing developments in their <br /> communities are encouraged to submit the <br /> information, or shart(200-400 word) articles, <br /> to League Communications Director Megan <br /> Taylor(email: mtavlor(c�cacities.orq). <br /> PAGE 2/PRIORITY FOCUS Visit the League's Official Web Site--www.cacities.org <br />