A wave of mail, faxes and hand-delivered paperwork flooded CalPERS last month as government workers put in for a controversial pension-pumping benefit that stopped taking new applicants Monday.
Officials at the $246 billion fund are still sorting through about 7,000 cost requests for additional retirement service credit, or "airtime," more than six times the monthly average.
"The largest influx of these requests has been over the last week," said CalPERS spokeswoman Rosanna Westmoreland in a Monday email.
A new pension law that ended airtime purchases at the end of the year stoked the run. The California Public Employees' Retirement System set up two fax machines to take airtime applications and added customer service staff for hand deliveries.
Ending airtime was politically popular, but it doesn't mean much to CalPERS' finances. Buyers have to pony up both the employee and employer pension contribution for the time purchased, usually tens of thousands of dollars.
Still, it's a pretty good deal. The money is guaranteed to give the same return that CalPERS assumed on its investments when the purchase was made. For members who applied since March 15, the government-guaranteed rate of return is 7.5 percent.
California will begin moving 860,000 lower-income children from Healthy Families to Medi-Cal after receiving last-minute federal approval Monday. Health care advocates fought the shift in June and felt that Healthy Families had served its beneficiaries better than Medi-Cal could. But Gov. Jerry Brown pushed the move, saying it would be more efficient and ultimately save money.
"Antonio Villaraigosa knows how to party!"
CHARLIE SHEEN, eccentric actor, via Twitter, accompanying a photo with the Los Angeles mayor at the opening of a hotel bar in San José del Cabo, Mexico.