CalPERS to add 86 new “mission critical” positions (Sacramento Bee)
9:44 AM - December 20, 2012
CalPERS, the state’s massive public pension system, is back in hiring mode, big time.
The fund’s board of administration moved Wednesday to create 86 new positions ASAP.
If all of the new jobs are filled – and that’s not a given – the new hires would add $16.3 million to CalPERS’ $357.6 million administrative budget and bring its total headcount to just shy of 2,600 employees.
In the time it took to read this, some of you have done the math: The new hires would cost nearly $190,000 each. So why might the state have trouble hiring?
Read entire article at SacBee.com >>