CalPERS raises state contribution by $600 million
May 18, 2010 Filed in: Unions
Dale Kasler, The Sacramento Bee A key CalPERS committee
today voted to raise the state's annual contribution to the pension
fund by $600 million in the upcoming fiscal year. CalPERS' full
board will vote on the increase Wednesday. The increase means the
state's annual tab for CalPERS would rise to about $3.9 billion,
putting additional strain on the troubled state budget...