NEWS: How Much More Will Cities and Counties Pay CalPERS?
In recent years, California’s biggest pension system, CalPERS, has offered “Public Agency Actuarial Valuation Reports” In partnership with researchers at the Reason Foundation, the California Policy Center has compiled the data for every agency client of CalPERS, including 427 cities and 36 counties. In this summary, that data has been distilled to present two sets of numbers – payments to CalPERS for the 2017-2018 fiscal year, and officially estimated payments to CalPERS in the 2024-25 fiscal year. Read the article to see if cities and counties are gong to be paying more in the future.
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