A $1.4 Million Portfolio That Generates More Income Than the Average California Public Employee Pension

CalPERS reports an average annual retirement benefit of approximately $45,264. Many California public employees who spend a full career in the system and retire with 30 or more years of service receive benefits above that average. A $1.4 million portfolio generating a conservative 3.5% yield produces about $49,000 a year in income, slightly exceeding the... A $1.4 Million Portfolio That Generates More Income Than the Average California Public Employee Pension