Due to bad investments and debt that CalPers owes, their board approved raising the rates that taxpayers must pay to CalPers for the benefits government employees get.
Ordinarily we would say their employers have to pay, but since the Board of Supervisors are also in CalPers and therefore have a conflict of interest, they won't care. The TAXPAYER pays!! And pays!!
1 comment:
Up 10% a year for the next 5 years.
Guess who has the final responsibility to pay the government's deficits?
Maybe if we overload the state with undocumented democrats, they'll offset or pay in full the government's deficits for us?
OOOOPPPPSSS, voters keep electing the same derelict government officials.
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