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Searching for: researcher is "center for government analysis"

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An Analysis of Public Employee Retirement Systems in California
An Analysis of Public Employee Retirement Systems in California
Center for Government Analysis
Jan 2007 United States Taxation, Local Government, Countries - US
The Center for Government Analysis has released the results of a study of the 130 public pension systems in California, their financial health and the extent of taxpayer liability for current and future obligations. The report was commissioned by the Howard Jarvis Taxpayers Foundation. Among the facts revealed by the study were: state and local governments' (taxpayers') funding of pension systems nearly doubled over the five-year period beginning with the financial year 1997–98; by financial year 2003–04 the combined public employee retirement systems had an actuarial deficit of approximately $50.9 billion; and  retirement benefit levels for state and local government employees in California are much more lavish than for private sector employees.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jan 2007 or click here (this link will not work in all circumstances). For further information about Perspective click here.

56360461   Click here to contact the authors.

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