Rising salaries for California public-sector employees created big increases in average pension checks — with firefighters seeing benefits nearly triple since 1999, according to The Sacramento Bee.

The newspaper reviewed 14 years of CalPERS annual reports — from 1999 through 2012 — to analyze the impact of pension reform and pay raises on the checks received by beneficiaries.

Average first-month pension benefit checks received by California firefighters went from $1,770 in 1999 to $4,978 in 2012. California Highway Patrol officers saw checks increase from $3,633 in 1999 to $7,418 in 2012.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • 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
NOT FOR REPRINT

© 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.