https://calwatchdog.com/2017/07/20/local-governments-no-mood-calpers-happy-talk/ Sat, 20 Jul 2019 02:31:15 +0000 hourly 1 https://calwatchdog.com/2017/07/20/local-governments-no-mood-calpers-happy-talk/#comment-149124 Sat, 20 Jul 2019 02:31:15 +0000 http://calwatchdog.com/?p=94671#comment-149124 Calpers made the lavish promises, so Calpers alone should deliver. The only way to solve this mess is to put a cap on the amount of money municipalities pay into this Ponzi scheme. The cap should be assessed as a percentage of revenue that is reasonably affordable and let Calpers fix the mess it caused. Calpers fraudulently seduced legislators into believing that the fund had substantial reserves that could support the lavish pensions and now ask for bailouts, getting the state and municipalities in immense debt. I think indictments are in order.

]]> https://calwatchdog.com/2017/07/20/local-governments-no-mood-calpers-happy-talk/#comment-140658 Sat, 27 Jan 2018 06:56:50 +0000 http://calwatchdog.com/?p=94671#comment-140658 I have no interest in paying my retirement expenses plus those for people I do not even know. All public employees should get the same option All others receive–IRA and Social Security. Me, my family past, present and future owe these people nothing more than we are able to expect.

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