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City of Santa Monica on Top List of Biggest Public Pensions in California

08/10/2017 2:08 PM | Margaret Fulton (Administrator)

August 10, 2017 -- A total of 190 retirees of Santa Monica’s City government are receiving annual public pensions ranging from $100,000 to $250,000, a new analysis of 2016 public pension data statewide by a California watchdog group has found.

Released Tuesday by Transparent California, the findings secured a spot for the City among the top 25 public entities with the highest, and most numerous, six-figure pension payouts from the California Public Employee Retirement System (CalPERS).

The City of Santa Monica placed 11th on the list and was the only Westside city in the top 25.

The only governments with more employees receiving $100,000 or more in payments were much larger than Santa Monica, which has an estimated population of nearly 94,000.

Read More:  https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2017/August-2017/08_10_2017_City_of_Santa_on_Top_List_of_Biggest_Public_Pensions_in_California.html


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