The number of California retirees collecting a public pension of $100,000 or more hit an all-time high of 79,235 last year, up 85 percent since 2013.
That’s according to an analysis of 2018 pension payout data posted on Transparent California — the state’s largest public pay and pension database.
Those receiving pension payouts of at least $100,000 accounted for nearly 20 percent of the $51.7 billion total payments made last year, which is also an all-time high, according to the data.
“The only reason public pensions are an issue of public concern is because of the costs they impose on taxpayers,” explained Transparent California Executive Director Robert Fellner.
“The data show that one out of every five dollars paid out by California’s public pension funds last year went to someone who is drawing an annual pension of at least $100,000,” Fellner said.