CalPERS Responds

Pension Reform



Myths vs. Facts


Myth: The average CalPERS pensioner gets 90 percent of their pay.
September 23, 2009
Fact:

The average CalPERS member receives 50 percent or less of their pay in retirement. CalPERS has 513, 000 retirees today. The average pension is $2, 200 a month. And of that half million retirees getting a benefit, 74 percent of them earn $36,000 or less a year. Well over 40 percent of them do not receive Social Security.



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Category: Pension Reform