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Day of Reckoning Approaches for State of California, Local Governments and School Districts
The Sacramento Bee Link to more items from this source
[Opinion]
Apr. 14, 2013
"The [CalPERS] board is set to vote ... on recommended accounting changes that would raise employer pension contribution rates by 20 percent on average over the next six years. Added to pension rate increases already scheduled, school districts and state and local governments could be hit with pension cost hikes of between 40 and 50 percent by 2020. For the state of California alone, pension contributions for state workers and non-teacher school employees would climb from $5.1 billion to $7.4 billion."

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