SACRAMENTO, CA – The debate over public pension reform is about to get even hotter.
California’s state and local government workers make salaries similar to those at large private-sector employers, but get significantly higher retirement benefits.
Those conclusions are part of report, “Comparing Public and Private Employee Compensation and Retirement Benefits in California”, by consultants hired by the California Foundation for Fiscal Responsibility, a nonprofit involved in research on pension reform.
The group shares roots and some advisers with an organization preparing a statewide ballot initiative that seeks to force changes in government pensions.
The study found taxpayers spend roughly three times what large private employers spend per employee for pensions and retiree.
The study found that more than 9,000 state employees collect pensions of $100,000 or more.
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