Tag: pension finances
The brief’s key findings are: Pension and retiree health benefits for public safety workers are more expensive than those of other local government workers, largely due to earlier retirement ages. Perhaps surprisingly, though, their retirement benefits make up only a very small share of total local government spending. Some evidence suggests that public safety workers…
Silly articles don’t help the process. The New York Times recent article “A Sour Surprise for Public Pensions: Two Sets of Books” told the tale of the tiny six-employee Citrus Pest Control No.2 pension fund that thought it was overfunded but instead received a large bill when CalPERS calculated its termination liability. The article has…
