Average CalPERS Pension Up To 5 Times Greater Than Comparable Social Security Payouts

While California taxpayers are faced with hundreds of billions of dollars in unfunded pension liability for government employees, CalPERS officials are trying to convince the public that payouts are comparable to those for private sector workers covered by Social Security. This study by Robert Fellner, Research Director for TransparentCalifornia.com debunks the myth that retired government workers are not doing much better than those on Social Security.

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