Calif. Pension Funds Paid Out $28B, Received $34B in 2012
A new Census Bureau report finds that California's five, state-managed public employee pension funds collected $33.8 billion from investments and employer and employee contributions in 2012 and paid out $28.2 billion in benefits to 874,734 retirees. The report did not include numbers for the systems' unfunded liabilities.
- "California Pension Funds Took In $33.8B, Paid Out $28.2B Last Year" (Walters, "Capitol Alert," Sacramento Bee, 8/1).