Issues Update
CalPERS Benefits Are Secure
September 23, 2009
Despite the recent decline in CalPERS pension asset values caused by the severe economic recession, benefits for CalPERS members and retirees remain secure. CalPERS has enough assets to pay retirement benefits. It’s also important to remember that CalPERS retirement benefits are protected by State law and are a vested right.
Read an op-ed from CalPERS Board President Rob Feckner.
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