Tag "Paul Volcker"
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Inflation could quickly erode CalPERS pensions
CalPERS retirees could be in for a surprise. The California Public Employment Retirement System payments include a 2 percent inflation increase every year, called a Cost of Living Adjustment. In recent years, the federal government’s Consumer Price Index, which tracks inflation, has
Read MoreConfusion: Each Calif. state agency uses different accounting numbers
Aug. 20, 2012 By Wayne Lusvardi In 15th century Italy, the Medici Bank issued two sets of currency: gold Florins for exclusive use by the wealthy and silver Piccioli only for use by the poor. Since it was forbidden to break
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