CalPERS Holds Up Plan to Web-Post Information About Retirees' Pensions
The California Public Employees’ Retirement System (CalPERS) has temporarily halted its plans to post searchable web-based information about its retirees and their pension amounts.
The hiatus came as a result of an outpouring of opposition to the plan from retirees and organizations representing them, according to a July 11 article in The Sacramento Bee, CalPERS Holds Off Launching.
Advocates for retirees and public employees argued forcefully that the planned web posting would put retirees at risk of having their identities stolen and make them vulnerable to other financial scams.
Senate President pro Tempore Darrell Steinberg (D-Sacramento) is quoted as saying the delay is a good thing as it will provide time for the system to review what information should be posted and what – including Social Security numbers and other personal information – should be excluded and protected.
Advocacy groups have reportedly been considering legislation to narrow the agency’s authorization to post information about its members that could be perused by the public.