CalPERS Data Show Decline in Retirement Rates
Proposed wage increases and better retirement benefits appear to have slowed retirement rates among California state employees, as fewer individuals drew their first pension checks in October 2015. CalPERS data show that 715 state employees collected their first pension payments in October 2015, down 10% from the same time in 2014.
- "Number of CalPERS State Retirements Continues To Decline" (Ortiz, "The State Worker," Sacramento Bee, 12/30).