Sacramento Bee

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Sacramento Bee

California state workers are staying in their job longer and retiring later. Why?

The declining number of retirements is driven by two primary forces, said Nari Rhee. There are fewer older workers in the state’s workforce given a large number of Baby Boomers have already retired from the state. The youngest in that generation are 60 years old. The other factor can be attributed to changes California made over a decade ago that increased the age when public employees received pension benefits