The California Public Employees Retirement System, in a move sure to provoke the anger of retirees, plans to launch an online database posting details of nearly 500,000 pensioners in an effort to improve transparency.
The searchable online database will include retiree names, monthly gross pension payment, final compensation and some employment history. The database is expected to go live as early as next week.
In a notice to retiree organizations, the country's largest public pension fund cited legal requirements for public disclosure as the driving force behind the database. In that letter, CalPERS acknowledged the move would incur rancor from retirees.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
