Wingnuts try to steal $$ from Calpers

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Sedley

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Wingnuts try to steal $$ from Calpers

posted on Feb 20, 2010 04:36PM

What that about being allowed to keep your money? Wingnuts disagree.

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What's the real truth about CalPERS? The average benefit for a retired public servant in CalPERS is $2,100 per month. Of that $2,100, only $1 of every $8 is paid by the employer, which means the taxpayer. The rest is paid through employee contributions and earnings on the investments. That means for every retired public employee, the taxpayers provide less than $300 per month for their pension.