Summary: To accurately assess how much pension obligations for current workers are going to cost, it is necessary to calculate average pensions for retirees who retired after 1999 when pension benefits were enhanced. Because public safety employees represent about 15% of California’s total state and local government workforce , but an estimated 25% of the […]
About Robert Fellener and Ed Ring
This author has yet to write their bio.Meanwhile lets just say that we are proud Robert Fellener and Ed Ring contributed a whooping 2 entries.
Entries by Robert Fellener and Ed Ring
Summary: The California State Teacher’s Retirement System (CalSTRS) is California’s 2nd largest public employee pension fund, serving roughly 2% of California’s population. At present, its unfunded liability is officially estimated at $71 billion. While much of the discussion over pension reform focuses on projected rates of investment returns, which greatly affects the required annual contributions […]