Fact:State employees contribute between 8-12 percent of their monthly earnings. Local public employees pay up to 10 percent of their paychecks toward pensions. In recent collective bargaining agreements, additional contributions by State employees will save the state up to $300 million a year.
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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