How much does it take to make it into the 100 top-earning CalPERS or CalSTRS retirees? A pension of more than $219,000.
CalPERS is the retirement system for most state employees. CalSTRS is the retirement system for most certificated school district employees.
Both systems have faced scrutiny for years due to large unfunded liabilities — they don’t have enough money at the moment to pay all the benefits they have promised. In response, both systems have increased the required contributions for local governments that are part of the system.
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