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calpers.ca.gov. The California Public Employees' Retirement System ( CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families". [3] [4] In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits, [5 ...
"I won't be here when it comes to increasing pension and health care costs," said Supervisor Kevin Jeffries, retiring at the end of 2024. "You're looking at $600 million in new costs over 36 months.
The CalPERS Board of Administration approved new restrictions Tuesday on how long retired public employees may work without giving up pension payments. The board set an initial two-year limit ...
Among other reforms, the legislation raises the retirement age for most new employees from 55 to 67 to receive full benefits. It also eliminates so-called "double dipping" and caps the pensions of ...
It doesn’t include other pension benefits such as state-paid health care. According to Ballotpedia , "there were 82 public pension systems in California in 2020." Of those, 10 were state-level ...
LACERA was established on January 1, 1938, following passage of the County Employees Retirement Law of 1937 (CERL), which mandates LACERA to pay for the defined retirement benefits of Los Angeles County employees and their beneficiaries. In 1971, LACERA began administering a retiree healthcare benefits program. Management