Transparent California: Average annual California gov’t employee pension was $64,448 last year

By California Policy Center on Sunday, October 5th, 2014 in Unions No Comments

SACRAMENTO, Calif. – CalPERS financial struggles are draining state taxpayers. The ever-increasing contribution rates it demands from state and local governments have already bankrupted several cities. Even for more financially stable agencies, increased CalPERS contributions have crowded out other spending priorities or tax relief.