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Critics note that even as lawmakers seek to expand pension benefits for public employees, they are close to approving a controversial bill that would allow financially troubled local governments to borrow from the state's pension fund to cover payments they owe to the same fund.
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When Calpers's plan to expand pensions came up in the state Legislature, lawmakers from both parties voted for it.
Joe Nation, a public policy professor at Stanford and a former state assemblyman who has overseen studies on California's largest pensions, sees the university's expanded pension benefits as anachronistic at best.
The new government promised expanded pensions, a minimum wage, a quota for women on boards and road tolls for foreign drivers.
But the government has kept price increases steady rather than allowing inflation to take off, and has protected household purchasing-power by expanding pensions and welfare benefits.The president has also managed to soften her image.
Life insurers and other financial services companies work assiduously to expand voluntary pension plan coverage.
So governments must prepare to expand social pensions and ensure that this growing demographic plays a full role in society, according to the 2014 Global AgeWatch Index.
Chile's system was revamped in 2008 to expand public pensions for groups left out of its system, including low-income seniors".
How do they find their way through the ever-expanding pensions maze?
Having retired 5 times to tend his family's modest opium poppy farm, he still can't resist the entreaties from all sides to return to action and expand his multiple pension accounts -- which might come in handy were the world price for opium to plunge because Washington decided to occupy another poppy rich country.
Also, when policymakers shape legislation to expand retirement savings and pension coverage, it's important for them to know the truth about how much Social Security provides, which isn't a lot.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com