California Public Employees' Retirement System (CalPERS) retirement benefits are funded through contributions paid by contracting employers, member contributions, and earnings from CalPERS investments. Employer contribution requirements are determined by periodic actuarial valuations under state law. Actuarial valuations are based on the benefit formulas the agency provides and the employee groups covered.
The City of Thousand Oaks' Annual Actuarial Valuation Reports are available on the CalPERS Public Agency Actuarial Valuation website. Reports are organized by CalPERS ID, name, type, and county, and can be filtered by each of those categories using the search boxes. To locate the City of Thousand Oaks, type "Thousand Oaks City" in the "Name" search box.
The City of Thousand Oaks' long-term obligations are disclosed in the City's Comprehensive Annual Financial Report (CAFR).
Other Post Employment Benefits (OPEB) Actuarial Valuation Plans are provided to the City of Thousand Oaks every two years. Per Governmental Accounting Standards Statement Nos. 43 and 45, the City is required to have an actuarial valuation report prepared biennially. The purpose of this valuation is to determine the City's benefit obligations, funded status, and to calculate the Fiscal Year 2015-16 and 2016-17 Annual Required Contributions.
- City of Thousand Oaks Retiree Healthcare Plan June 30, 2017 Actuarial
- City of Thousand Oaks Retiree Healthcare Plan June 30, 2015 Actuarial