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CalSTRS was established by law in 1913 and is part of the State of California's Government Operations Agency. As of September 2020, CalSTRS is the largest teachers' retirement fund in the United States. CalSTRS is also currently the eleventh largest public pension fund in the world. [2]
Police or Firefighters with 20+ years of service average = $78,104 [14]: 1 [15]: 1 Number of retirees with $100,000+ pension = 26,000 (This is 4% of the total number of retirees, yet this group collected 17% of the total amount CalPERS paid out in 2018.) [14]: 1 For comparison: Average Social Security payout = $17,532 [14]: 1
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LACERA covers 100% of healthcare premiums for Los Angeles County retirees who have at least 25 years of public service. [9] For members with 10 years of public service, LACERA contributes 40% of health care plan premiums, with an additional contribution of 4% for each additional year worked. [10]
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In the 1860s, Los Angeles County appointed a County Physician, and a small hospital for the poor in Los Angeles was established. [6] The Department of Charities was formed in 1913 and included five Divisions: County Hospital, County Farm, Outdoor Relief, Olive View Sanatorium, and Cemetery Divisions. [7]
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