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Keyword: calpars

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  • With a growing 100k pension club, California’s pension problem only gets worse

    05/02/2019 2:06:37 PM PDT · by george76 · 41 replies
    Press-Enterprise ^ | MAY 01, 2019
    In a reminder of the extent and reality of California’s pension problem, the state’s six-figure pension club has more doubled since 2012. ... the number of retirees from the California Public Employees’ Retirement System who received pensions worth $100,000 or more rose from 14,760 in 2012 to 30,969 in 2018. average pension for full-career state employees enrolled in the plan for non-public safety workers was $63,057. For full-career state retirees enrolled in the plan for safety members, the average pension in 2018 was $84,197. For those working for local government employers, the average pension for regular employees was $74,599 in...