A recent update of income amounts through June 30, 2011, shows that CalPERS investments now pay 66 cents of every dollar in pensions paid. In addition to investment income, each dollar paid to CalPERS pensioners comes from two other sources: 21 cents from CalPERS employers and 13 cents from CalPERS members.
CalPERS pays out approximately $14 billion in pension benefits each year to retirees and beneficiaries using investment income and cash contributions from employers and members. Investment assets are not sold to generate cash. The fund continues to grow, earning more than $70 billion since the financial crisis.
CalPERS is working hard to ensure the retirement and health security of our members, provide help to our employers, and manage our investments to meet our long-term liabilities. We hope this information provides education, insight, and clarity.
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