The California Public Employment Retirees System has seen its biggest payout to date, and the recipient is a former CalPERS employee.
A $418,608 pension was doled out last year to a 68-year-old former investment official for the fund, the Sacramento Bee reports. He topped a recent list of 2019 CalPERS pensions put out by Transparent California.
Most of the highest pension earners were local government officials and employees of California State University and University of California.
Read more at the Sacramento Bee.