Evaluating Public Safety Pensions in California

By Robert Fellner
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...

TAGS: CalPERS, Deferred Retirement Option Plan, Other Post Employment Benefits, San Jose Police and Fire Retirement Plan

San Jose's Public Safety Pensions – Reduce Now or Slash Later

By Edward Ring
“Once people get the facts, they do not support slashing people’s pensions.” – Dave Low, chairman, Californians for Retirement Security (Washington Post, February 25, 2014) Really? Making sure “people get the facts” is difficult when most “facts” the public sees are promulgated to the media by pension fund PR departments eager to preserve the torrent...

TAGS: California Policy Center, San Jose Police and Fire Retirement Plan