Report Materials
EXECUTIVE SUMMARY:
California appropriately charged the Federal Government for the pension expenses of State employees working on Federal programs, in accordance with the Office of Management and Budget (OMB) Circular A-87. Specifically, for fiscal year ended June 30, 2003, the State's retirement fund contribution rates were based on actuarial projections that complied with Federal regulations, and the appropriate contribution amounts were claimed for Federal reimbursement.
Notice
This report may be subject to section 5274 of the National Defense Authorization Act Fiscal Year 2023, 117 Pub. L. 263.