The number of California state workers who applied for pensions declined less than 2 percent last month, according to CalPERS, but the retirement trend since January remains higher than in 2012.
Meanwhile, the number of all retiring CalPERS members -- state and local government, school district and special district employees -- rose nearly 12 percent in August. The number of all CalPERS retirements is up nearly 4 percent this year for the combined group of state and local government, school district and special district employees.
The gradual increase in the overall retirement numbers so far this year suggests that the slumping economy, furloughs that cut pay, layoffs, and (for local governments) early retirement incentives of a few years ago have washed through the government ranks. Still, employers expect to see the upward retirement trend continue as aging baby boomers head for the exits.
The state employee figures for the last few months of this year will bear watching as a bellwether for how a new round of raises negotiated with Gov. Jerry Brown will affect retirements. Will some workers who might have left with no prospect of a pay increase might decide to stick around enough for the higher pay to affect their pension checks?
Click here for detailed tables of month-by-month retirement application numbers tracked by CalPERS dating back to 2007. The fund counts applications from mid-month to mid-month. The last two weeks of December, when many state workers leave to take advantage of cost-of-living allowance rules, are counted in the January tallies.