The State Worker

April 3, 2014 9:38 AM

CalPERS says retiree benefits generate $30 billion in economic activity

The economic ripple of benefits paid to CalPERS’ retirees and their family members generated tens of billions of dollars in economic activity in fiscal 2011-12, the fund reported Tuesday, while CalPERS’ investments poured billions more into the state.

The State Worker

Chronicling civil-service life for California state workers

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The Sacramento Bee launched The State Worker blog in 2008 to cover state government from the perspective of California government employees. Every day The Bee filters the news through a single question: "What does this mean for state workers?" Subscribe to alerts on state pay, benefits, pensions, contracts and jobs at sacbee.com/newsletters. Twitter: @TheStateWorker.

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