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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] and over $9.74 ...
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. [1] [3] In 1971, LACERA began administering a retiree healthcare benefits program. [1]
The county's total unfunded pension gap is $3.66 billion, compared to $1.88 billion estimated in the 2023 report, according to PARC. The figures are based on calculations that end in fiscal year ...
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 ...
The primary mission of CSU-ERFSA is the protection of pension and health care benefits for both active and retired California State University faculty and staff members. [1] CSU-ERFSA represents the interests of its members before the California State Legislature, various state and federal agencies, CalPERS, and the California State University ...
Atop the list for the Livermore Valley Joint Unified School District is former Superintendent Brenda Miller. She retired with an initial monthly pension of $13,396. Her 2011 total pension was ...
Charles T. Killian, retired attorney for the City of Cupertino collected a 2011 gross pension of $157,050, and will record a final monthly salary of $16,280, according to the database. Other top ...
But studies suggest that the amount you’ll need can be substantial. A typical retired couple that’s 65 years old in 2023 could need about $315,000 after taxes to cover health care costs during ...