Posts Tagged: 8.25 percent

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How a CalPERS-sponsored bill increased pensions

The CalPERS headquarters in Sacramento. (Photo: Kit Leong)

The annual payment to CalPERS for state worker pensions next fiscal year is expected to be $7 billion, a jump from $6.4 billion this year — and a quantum leap from $160 million when a pension increase, SB 400, was approved 20 years ago.

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