California Cities' Pension Tab Seen Almost Doubling in 5 Years
- Calpers payments rising to $9.8 billion, analysis says
- Contributions from all local governments $13 billion in 2018
This article is for subscribers only.
California cities and counties will see their required contributions to the largest U.S. pension fund almost double in five years, according to an analysis by the California Policy Center.
In the fiscal year beginning in July, local payments to the California Public Employees’ Retirement System will total $5.3 billion and rise to $9.8 billion in fiscal 2023, according to the right-leaning group that examines public pensions.