Travsite.com: May 2009
Fullerton taxpayers are looking down the barrel of a major increase in pension payments next year. The CalPERS agency has lost as much as 37% of its assets in the stock market crash and taxpayers are contractually obligated to make up the difference.
Our Friends at the California Foundation for Fiscal Responsibility just released a report called the CalPERS $100,000 Pension Club. In their handy database, we located the annual pensions of 26 City of Fullerton employees who are bringing home over $100,000 a year post-retirement at our expense. We believe in an open government where the residents of Fullerton know what they are paying for -- Click here to see the list