CalPERS Responds

Pension Financing



Myths vs. Facts


Myth: Pensions are among the highest costs of State government.
March 15, 2010
Fact:

Forty-one percent of the State general fund budget is earmarked for public education, 12 percent for higher education, and 10 percent for corrections. The cost of pensions is about 2.5 percent of total State spending.



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