More CalPERS retirees are getting $100,000 pensions

As reported by the Press-Enterprise:

The number of retired public employees in the CalPERS system with annual pensions of $100,000 or more grew 63 percent since 2012, according to a report released Wednesday, Aug. 9.

Riverside County, Long Beach, Anaheim, Torrance and Riverside made the list of the 25 public agencies with the most pensioners receiving six-figure retirement pay, Transparent California reported. Almost 23,000 CalPERS retirees collected pensions of at least $100,000 in 2016, the government watchdog group found.

The rise in $100,000 pensions underscores the importance of making public employee pension data public, Robert Fellner, Transparent California’s research director, said in a news release.

Transparent California is an offshoot of the Nevada Policy Research Institute, which describes itself as a “nonpartisan, non-profit think tank that promotes policy ideas consistent with the principles of limited government, individual liberty and free markets.”

A spokesman for Californians for Retirement Security, a coalition of unions and other groups representing public employee retirees, took aim at Transparent California. …

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Comments

  1. They deserve those bloated pensions after working tirelessly within the system foregoing all the graft and corruption that is on the table.

  2. Walter E. Strong says

    DAMN! I graduated from Chico state with a B.S. in Political Science in 1970. All I had to do, and didn’t have enough sense to realize it, was to go to Sacramento and get me an entry level government job, sit on my ass for 30 years, and retire with a nice big fat government pension. Whatta dumbass I am!!

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