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Jerry Brown: California avoided budget deficit through cuts, new taxes 1:21

Jerry Brown: California avoided budget deficit through cuts, new taxes

'They went after me instead of him' 1:41

'They went after me instead of him'

Watch it fall: Georgia Dome destroyed after 25 years of use 1:11

Watch it fall: Georgia Dome destroyed after 25 years of use

Assessor's Office managers got bigger tax reductions than neighbors in these neighborhoods 1:09

Assessor's Office managers got bigger tax reductions than neighbors in these neighborhoods

See the Sunday fun at Sacramento's Downtown Ice Rink 0:49

See the Sunday fun at Sacramento's Downtown Ice Rink

Cult leader Charles Manson dies at 83 1:41

Cult leader Charles Manson dies at 83

Take a look at the scene of the officer involved shooting that shut down Auburn Boulevard 0:53

Take a look at the scene of the officer involved shooting that shut down Auburn Boulevard

Take a tour of the upscale condo community where Kris Jenner and Kim Kardashian own units 0:41

Take a tour of the upscale condo community where Kris Jenner and Kim Kardashian own units

‘We know there are mountains behind that line of smog,’ Cristina Garcia says 1:23

‘We know there are mountains behind that line of smog,’ Cristina Garcia says

Homeless in Sacramento 2:57

Homeless in Sacramento

  • Why did CalPERS stick with tobacco ban?

    By one estimate, CalPERS has missed out on $3 billion in financial returns by refusing to buy tobacco stocks. But the pension giant decided in 2016 to stick with the ban despite a recommendation from its staff that the ban be relaxed.

By one estimate, CalPERS has missed out on $3 billion in financial returns by refusing to buy tobacco stocks. But the pension giant decided in 2016 to stick with the ban despite a recommendation from its staff that the ban be relaxed. Dale Kasler The Sacramento Bee
By one estimate, CalPERS has missed out on $3 billion in financial returns by refusing to buy tobacco stocks. But the pension giant decided in 2016 to stick with the ban despite a recommendation from its staff that the ban be relaxed. Dale Kasler The Sacramento Bee
Dan Walters

Dan Walters

Observations on California and its politics

Reality penetrates California’s public employee pension system, but not far enough

January 02, 2017 12:01 AM

UPDATED January 02, 2017 12:01 AM

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More Videos

Jerry Brown: California avoided budget deficit through cuts, new taxes 1:21

Jerry Brown: California avoided budget deficit through cuts, new taxes

'They went after me instead of him' 1:41

'They went after me instead of him'

Watch it fall: Georgia Dome destroyed after 25 years of use 1:11

Watch it fall: Georgia Dome destroyed after 25 years of use

Assessor's Office managers got bigger tax reductions than neighbors in these neighborhoods 1:09

Assessor's Office managers got bigger tax reductions than neighbors in these neighborhoods

See the Sunday fun at Sacramento's Downtown Ice Rink 0:49

See the Sunday fun at Sacramento's Downtown Ice Rink

Cult leader Charles Manson dies at 83 1:41

Cult leader Charles Manson dies at 83

Take a look at the scene of the officer involved shooting that shut down Auburn Boulevard 0:53

Take a look at the scene of the officer involved shooting that shut down Auburn Boulevard

Take a tour of the upscale condo community where Kris Jenner and Kim Kardashian own units 0:41

Take a tour of the upscale condo community where Kris Jenner and Kim Kardashian own units

‘We know there are mountains behind that line of smog,’ Cristina Garcia says 1:23

‘We know there are mountains behind that line of smog,’ Cristina Garcia says

Homeless in Sacramento 2:57

Homeless in Sacramento

  • Dan Walters: Big election, but most people 'could care less'

    The Sacramento Bee's Dan Walters is excited that for the first time in a long time Californians were actually treated to a full blown presidential campaign, with all nominees from both parties campaigning up and down the state. Despite California voters actually being treated like they mattered, it still seems as if most people 'could care less.'

About This Blog


Dan Walters' column appears in dozens of California newspapers. He joined the Sacramento Union’s Capitol bureau in 1975 and in 1981 began writing the state’s only daily newspaper column devoted to California political, economic and social events. He and the column moved to The Sacramento Bee in 1984. Contact him at dwalters@sacbee.com or 916-321-1195. Twitter: @WaltersBee