The number of public retirees receiving more than $100,000 in pension checks from CalPERS each year has exploded from 1,841 in 2005 to 21,652 in 2015.
Are we fiddling while Rome burns?
CalPERS just had its worst showing since the height of the last financial crisis.
Stanford’s new pension tracker says unfunded pension debt is approaching $1 trillion.
$200 million is pretty decent savings no matter how ya slice it.
Pensions, the pot of gold at the end of the public service tunnel. They are always a hot topic, and even more so in recent years.
Sounds like agencies are tired of falling short on investment returns.
Retirees with “full-career” status are getting some very healthy checks from CalPERS.
Roughly three quarters of the city’s workforce is classified into a separate agency exempt from Social Security withholding and not as standard city employees.
A look at San Bernardino bankruptcy plan finds that the proposal benefits CalPERS, and maintains the full payment of employee pensions.