California Jurisdictions Face Rising CalPERS Contributions
About 130 jurisdictions in California have asked employees to contribute more to CalPERS or are developing plans to limit new-hire benefits. Jurisdictions that rely on CalPERS for retiree benefits are facing higher contributions in part because of investment losses and because retirees are living longer and drawing more benefits.
- "City of Davis, Workers Face $1.4 Million Hike in Pension Contributions" (Kalb, Sacramento Bee, 2/14).