CalPERS will reveal pensioners’ pay
July 9, 2013
In a few more days, California’s gargantuan public retirement system will be an open book — or database — when CalPERS unveils information on individual retirees’ pensions and benefits. (Sacramento Bee)
Elements considered public information includes pensioners’ names; their monthly gross pension payment; base allowance; Cost of Living Adjustment (COLA); final compensation, last employer; and pension benefit formula.
Members of CalPERS were notified of the new policy earlier this month.
Officials of the retirement system said they know some retirees will not like the website transparency.
“We understand the sensitivity surrounding this database and know many of our members may object to what seems like traditionally very private information posted online,” CalPERS officials said in a letter. “We believe our member data will remain better protected on our own website rather than on external databases kept by news or other organizations.”