New research shows more than a third of workers and retirees don’t think they have enough money for their retirement years. That’s the highest proportion since 2017.
While activists call for redirecting police funding, overtime compensation can exceed cities’ budgeted amounts. Sometimes officers are paid in comp time.
For every dollar the state’s public agencies pay in wages this year, those employers will have to fork over 25 cents on average to CalPERS to cover retiree benefits.