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Chronicling civil-service life for California state workers

Jay Mather / Sacramento Bee

Figures coming out of CalPERS show that fewer state employees filed pension papers compared to a year ago, continuing a trend.

California state employee retirements continue downward slide

Published: Wednesday, Feb. 19, 2014 - 11:45 am
Last Modified: Wednesday, Feb. 19, 2014 - 2:17 pm

Fewer state employees filed their pension papers last month compared to a year ago, according to the latest CalPERS service retirement data.

Retirements fell to 1,947, down 14 percent from January 2013 and the fewest for the month since the pre-furlough days of 2008. Experts have attributed the decline in retirements the last few years to the furloughs that prompted many employees to leave early and a brightening state budget picture that has improved working conditions and has made raises possible.

The retirement numbers, which actually count state pension applications from mid-December to mid-January, are significant because many CalPERS members retire at year’s end to take advantage of the fund’s cost-of-living increase rules. Historically, up to a quarter of state employee retirements occur in the January accounting period.

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at jortiz@sacbee.com.

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Note: The State Worker blog switched blog platforms in October 2013. All posts after the switch are found here. Older posts are available using the list below.


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