Editing CalPERS (section)

==Criticisms==

CalPERS has received criticism for the number of retirees (26,000 in 2018) who collect over $100,000 a year in pension. That group of people, while less than 4 percent of the total number of retirees receiving benefits from CalPERS, collect 17 percent of the total yearly pension payouts. 
{{ 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. }}