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08-23-2009, 08:00 PM #1
More government workers retire amid budget cuts
More government workers retire amid budget cuts
The Associated Press
3:19 p.m. August 23, 2009
SACRAMENTO — New data shows a big increase in the number of government workers who are retiring.
According to figures compiled by the California Public Employees' Retirement System, civil service retirements in California are running 16 percent ahead of last year.
California state worker retirements from January through July rose by 13 percent over a year earlier, while local government retirements rose 17 percent.
Experts say furloughs, pay cuts, diminishing resources and heavier workloads may be pushing more employees to the exits.
California's sharp increase in public employee retirements this year goes against a national survey that found that the recession is keeping more state and local government workers from retiring.
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Information from: The Sacramento Bee, http://www.sacbee.com
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