Fact:
This statement compares a time when the State paid little or nothing during years of robust investment earnings and took a pension holiday to the recent market cycle extremes and current economic downturn.
Fact:
In 1981-82, pension contributions for the largest category of employees cost the State 19.6 percent of payroll. For the current 2009-10 fiscal year the state is paying 16.9 percent.
Fact:
The State of California pays less as a percentage of payroll today than it did in the early 1980s.
1981/82 2009/10 State Miscellaneous 19.563% 17.528% State Safety 20.409 15.702 CHP 31.995 29.956 School Miscellaneous 13.020 10.707
View State and school actuarial valuation reports
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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