New Research Shows True Cost of CA Pensions

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In partnership with researchers at the Reason Foundation, the California Policy Center has recently compiled data for every agency of California’s biggest pension system, CalPERS, including 427 cities and 36 counties. The data has been distilled to present two sets of numbers: payments to CalPERS for the 2017-2018 fiscal year, and officially estimated payments to CalPERS in the 2024-25 fiscal year. In calculating these results, the only assumption made was for estimated payroll costs in 2024. Researchers used a 3 percent annual growth rate for payroll expenses, the rate most commonly used in official actuarial analyses on this topic.

To see how the numbers stack up for each city and county, click here to read more from the California Policy Center.

Chart courtesy of the California Policy Center.