CHP Hiring Surge Helps Lower CalPERS Pension Costs for California

6 articles · Updated · CalMatters · Apr 20

California’s CalPERS pension contribution rates are beginning to decline, aided by a recent hiring spree in the California Highway Patrol (CHP).
The state’s contribution rate for CHP pensions will drop from 69 to 64 cents per dollar in wages next year, reflecting increased employee participation.
This trend, supported by newer, less generous pension formulas and strong investment returns, could eventually reduce costs for other state workers as well.

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