CalPERS Board OKs Plan To Lower Pension Contributions
The CalPERS' board has approved a plan to lower pension payments for the California state government and school districts by a combined $102.8 million for fiscal year 2013-2014. Total state pension contributions will decline by $73.1 million to $3.9 billion. Schools will pay $1.2 billion for pensions in the same fiscal year period.
- "CalPERS Approves Lower Pension Rates for State, Schools" (Ortiz, "The State Worker," Sacramento Bee, 6/19).