SACRAMENTO, Calif. (AP) -- The nation's largest public pension fund says it will delay posting pensioners' data online in response to a push to restrict the amount of information that is released to the public.
The California Public Employees' Retirement System announced two days earlier that it would launch a searchable pension database with information that is deemed public, such as a retiree's name, monthly gross pension payment and some employment history.
CalPERS said Wednesday that it reversed course after learning that a retiree group plans to pursue legislation that would "limit the amount of pension data that is required to be released under the Public Records Act."
The $260 billion retirement system administers pension benefits for 1.6 million government workers and their families. Public data about nearly 500,000 retirees was to be posted.