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$418,600 Pension for Former CalPERS Investment Manager Largest Ever, New Data Show



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In 2018, Curtis Ishii announced that he would be stepping down as head of global fixed income for the California Public Employees’ Retirement System (CalPERS).
Today, Ishii is collecting a $418,608 annual pension from the system, which is by far the largest of the more than 700,000 pension checks CalPERS issued last year, according to just-released pension payout data from
Ishii’s pension is nearly $50,000 greater than the $372,280 received by former Solano County administrator Michael Thomas, who had previously been the system’s top pensioner since retiring in 2011.
It also marks the first time that a CalPERS pensioner has legitimately broken the $400,000 mark. Former Vernon city manager Bruce Malkenhorst once collected a $551,000 pension, but CalPERS would later drastically reduce that amount and demand repayment due to illegal pension spiking.
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