K-12 Tax & Spending Climate: $418,600 pension for former CalPERS investment manager largest ever, new data show

Transparent California:

When excluding partial benefits paid out to beneficiaries, the average full-career pension for safety officers was $100,155 last year. Non-safety employees received an average full-career pension of $65,855.

There were 740 Oakland city retirees receiving a pension worth $100,000 or more — the most of any city statewide. Long Beach (533) and Anaheim (431) ranked 2nd and 3rd, respectively, among cities enrolled in CalPERS. To view the data sorted by individual city or other employing public agency, please click here.

The number of $100,000 or greater pensions continues to grow both in raw terms and as a percentage of total outlays. While only 5 percent of pensioners are collecting annual pensions of $100,000 or more, these 5 percent account for 18 percent of total annualized pension payouts.