Legislative Analyst says state’s retirement costs to increase by $200 million over 5 years


By Jon Ortiz | Sacramento Bee
— State pensions will cost government employers about $200 million more in fiscal 2016-17 than expected next year, according to a new report from the Legislative Analyst’s Office. About half of those rising costs will hit the general fund.

The chart above comes from page 40 of the LAO report released this morning. It depicts California’s general fund employee retirement expenses past, present and future.  Continue reading …

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