The State Worker

Chronicling civil-service life for California state workers

December 31, 2008
California public retirement payouts near $30 billion

Census_Bureau_seal.svg.pngThe U.S. Census Bureau reports that California's state and local government retirement system's paid $28.95 billion to retirees and their survivors in fiscal 2007 in defined benefits.

About $19.33 billion of that went to state retirees and their survivors. The rest, roughly $9.62 billion, went to local government retirees and their survivors. The totals include benefits, withdrawals and other payments.

The nation's state and local government retirement systems paid $168 billion in fiscal 2007 to 7.5 million retirees and their survivors. That represented a $12 billion increase from the previous year when 7.3 million received payments.

There were 2,547 retirement systems in 2007 with a total membership of 18.6 million people who could be eligible for regular benefit payments in the future.

You can read the USCB press release by clicking here.

Or skip the government blather and go into the data. You can download spreadsheets that include state and local public pension revenues, expenditures, investment statistics and membership numbers by clicking here.

What even more? Go here to review the statistics all the way back to 1993.

Special note:
Thanks to Bee researcher Pete Basofin for flagging this data for us.

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at jortiz@sacbee.com.

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