The State Worker

Chronicling civil-service life for California state workers

April 5, 2010
Stanford study: Public pensions a half-trillion dollars short

Our sister blog, Capitol Alert, sums up the findings of a new report from The Stanford Institute for Economic Policy and Research, which bills itself as "an independent, non-partisan research institute at Stanford University."

The bottom line: CalPERS, CalSTRS and the University of California Retirement System are underfunded by a combined $500 billion.

Worth noting, according to this press advisory: "The client for this project was the Office of Governor Arnold Schwarzenegger."

Click here for the Capitol Alert post with a link to today's report brief. A Stanford spokeswoman said that the full report will be released later this week.

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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


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