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CalPERS Action Means Government Pension Payments Will Soar

March 14, 2012 4:57 p.m.

The cost of pensions for state and local governments in California has just gone up. CalPERS has approved a quarter-cent reduction in its investment forecast – meaning annual pension payments from governments will go up starting in July.

Related Story: CalPERS Action Means Government Pension Payments Will Soar