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Estimated yearly retirement costs: $47,760; Average yearly earnings for 65+ households: $28,773 (14th highest) Average yearly homeownership costs for seniors: $23,136 (second highest)
In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits, and over $9.74 billion in health benefits. CalPERS manages the largest public pension fund in the United States, with more than $469 billion in assets under management as of June 30, 2021.