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Link to Actuarial Cost Analysis by CalPERS of California Pension Reform Legislation Passed on Friday, Aug. 31
CalPERS 
Sept. 4, 2012
"The California Public Employees' Retirement System [on Aug. 31] released an Actuarial Cost Analysis of the ... Public Employee Pension Reform Act (PEPRA) of 2013.... CalPERS estimates the proposed legislation will save between $42 billion and $55 billion over 30 years for CalPERS administered pension plans.... CalPERS provides retirement benefits to 1.6 million State, public school, and local public agency employees, retirees, and their families, and health benefits to more than 1.3 million members."
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