CalPERS Project Page

• CalPERS funded status vs. investment return (interactive tool).


• Full Funding of Traditional State and Local Government Pensions: The Entry-Age-Service-Cost Method, by Jonathan Barry Forman and Michael J. Sabin. Society of Actuaries Retirement 20/20 papers, June 2018.


• CalPERS' New Risk Management Plan Won't Fix What Ails It, by Michael J. Sabin. Pensions & Investments, January 11, 2016.


• Backtested Pension Math: An Empirical Look at the Causes of CalPERS Underfunding, by Michael J. Sabin. Journal of Retirement, Winter 2015, Vol. 2, No. 3, pp. 40-54.


• Proposed Amortization Periods and Smoothing Policies: A Historical Look, by Michael J. Sabin. Presented to CalPERS Board, Pension and Health Benefits Committee, 16 April 2013.