Editing CalPERS (section)

==Statistics on pension payouts, 2018==

* Total payout = $22 billion
* Total beneficiaries = 600,000
* Overall average = $32,224 - (including payments to survivors and workers with only a few years of service)
* 20+ years of service average = $50,333
* 30+ years of service average = $66,373
* Police or Firefighters with 20+ years of service average = $78,104{{ r | OCR_1 | p=1 | q=The total number of people getting checks from CalPERS — including survivors and beneficiaries as well as actual retirees — rose 41 percent from 2012 to 2018. Total payouts rose even more — in excess of 50 percent — from $14.4 billion in 2012 to more than $22 billion in 2018. While the average pension — which includes comparably low payments to survivors and people with just a few years of service — was $32,224, workers with at least 20 years of service got $50,333, and those with at least 30 years of service got $66,373. Public safety pensions for police and firefighters, the most expensive, bestowed an average of $78,104 on retirees with 20 years or more of service. }}{{ r | SB_1 | p=1 | q=...the 596,000 public pensions in the state, which average about $35,000 per year... }}
* Number of retirees with $100,000+ pension = 26,000 (This is 4% of the total number of retirees, yet this group collected 17% of the total amount CalPERS paid out in 2018.){{ r | OCR_1 | p=1 | q=Back in 2005 a mere 1,841 people collected pensions exceeding $100,000 a year in the massive California Public Employees Retirement System. By 2009, this so-called $100K Club had more than tripled, to 6,133 retired workers. In 2013, membership had nearly tripled again, to 16,838. And in 2018, the number of public retirees collecting pensions of at least $100,000 a year skyrocketed to more than 26,000, according to an analysis of CalPERS data by the Southern California News Group. An analysis done by Transparent California, a nonprofit that seeks to rein in public pensions, found that $100K Club members collected 17 percent of CalPERS&apos; payouts in 2018, even though the group constitutes less than 4 percent of payees. }}

For comparison:
* Average Social Security payout = $17,532{{ r | OCR_1 | p=1 | q=The average Social Security benefit is $17,532 this year. }}