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Public employee pensions are not excessive – they average $2,876per month for retired career public servants.
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Pensions don’t bankrupt governments – less than 3% of the State Budget is needed to pay pension benefits.
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74% of pensions are funded by employee contributions and investment returns, not the taxpayer.
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Salaries for public employees are less than their private sector counterparts, underlining the importance of a secure pension plan.
News Articles
Another Blow for Heartland Workers: Slashed Pensions
July 20, 2017 CBS News
California Pension Investment Ticks Off State Engineers’ Union
May 10, 2016 Sacramento Bee
State Supreme Court to Review Law Eliminating Pension Benefit
April 12, 2017 San Francisco Chronicle
California’s Court Upholds San Diego’s Pension Reform Plan
April 11, 2017 Reuters
Californians for Retirement Security
Californians for Retirement Security (CRS) is a coalition of more than 1.5 million Californians representing public employees and retirees, working to protect retirement security for California’s middle class. Professional Engineers in California Government (PECG) is one of the founding members and is part of the Executive Committee.