A small but meaningful concession in CHP negotiations
This year, for every dollar of salary that the state pays California Highway Patrol officers, it will also have to pay 59.13 cents in pension contributions.
The state has no choice. Taxpayers are required to pay the unfunded liability of pension funds within the California Public Employees Retirement System, and every year, CalPERS informs state employers how much it’s going to cost. CalPERS disclosed this year’s “actuarial required employer contribution as a percentage of comp
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