MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - As mentioned earlier, an SPP is when an employer contributes more than is actuarially required towards a pension plan. An SPP directly reduces existing unfunded liabilities of a pension plan. This, in turn, reduces the employer ’s costs towards the plan over decades in the form of lower contribution rates.
https://lao.ca.gov/Publications/Report/4920