Thursday, May 9, 2013

SoCal Democrats join voices to reign in CalPERS

   After CalPERS announced that it is raising rates another 85%, many are saying that enough is enough!

   Even Democrats are joining in and saying tha perhaps the state should take over CalPERS, so that they know exactly where all the money is going. What do you think?

1 comment:

Anonymous said...

Look at next weeks BOS agenda, regarding CalPers. Read it in its entirety. No physical collateral required. Just the General Fund for repayment. Look at the amount the county is refunding. Is that a pension deficit liability? But it doesn't go on the books until FY 15/16. Be sure to read how going thru the court, circumvents a vote of the people.