Pension Tracker

https://www.bloomberg.com//pension-world-reels-from-financ "Ben Meng, chief investment officer of Calpers said earlier this year that the expected return over the next 10 years would be 6.1%." California pensions target a return of 7%. Their investment returns may get squeezed with lower bond yields, and even more so, with the risk of a recession.... #pensiondebt #pensiontracker #CalPERS

"Broad acknowledged that Gov. Gavin Newsom’s budget this year offers school districts some help in paying down the pension debt. But, he said, It’s like a parent telling a child, ‘I’ll help you get out of credit card debt by paying your minimum monthly payment. It doesn’t do anything to remedy the underlying problem.' Thank you to Keri Brenner for her great article in the Marin Independent Journal on school district pension debt. More than 1,700 school districts have been added to the PensionTracker website. https://www.marinij.com//marin-school-district-pension-de/

The PensionTracker team will highlight the addition of 1,700 California school districts in a webinar this Friday 8/23 at 1:30 PST. To learn about this resource and what it means for your city, county, school district, or special district, join the webinar at https://stanford.zoom.us/j/535871319.

PensionTracker has added data from 1,700 school districts in California. With this new data, the market pension debt per household in California is estimated to be $80,643. To view other metrics such as pension debt to tax revenue ratio, and pension debt per capita, visit www.pensiontracker.org. The top ten school districts in California in terms of market pension debt per household are shown below.

Pension Debt will be a huge problem for the next generation of Americans. Currently in California, the average pension debt is $78,334 per household this will likely be a burden on by the taxpayers. To learn more about how your city, county, or special district compares to others in key metrics, visit our website, https://www.pensiontracker.org/about_pension_tracker.php. PensionTracker is a project through the Stanford Institute for Economic Policy Research, aimed at prov...iding the public with accurate metrics on pension debt throughout the United States. Data has been aggregated from the California Public Employees’ Retirement System (CalPERS), and independent employer agencies, and currently contains roughly 2 million data points. In addition, visit the site to get an overview of the pension debt problem, understand the methodology, and find resources for following the pension debt issue in the media. See more