Myth: Pension Costs for the State of California have increased by 2000 percent in the last 10 years. |
Facts
Myth: Public pension benefits are excessive and a drain on the public. |
Facts
Myth: CalPERS said the SB 400 benefit enhancements would be free to the State forever. |
Facts
Myth: CalPERS is going to run out of money because of baby boomers retiring. |
Facts
Myth: Pensions are among the highest costs of State government. |
Facts
Myth: Increased pension formulas are bankrupting State and local government. |
Facts
Myth: Government pensions are paid by taxpayers. |
Facts
Myth: Rate smoothing is funny accounting that requires future generations to pay pensions of those working today. |
Facts
Myth: One can’t rely on CalPERS actuarial reports. |
Facts
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