Our story in today’s Bee highlights State Controller John Chiang’s thumbs-down audit of CalPERS’ efforts to discover and to deter pension spiking. CalPERS strongly disagrees with the assessment.
Want to delve more deeply into the audit and CalPERS’ rebuttal? Here they are. The fund’s responses are found at the end of the audit, starting on page 25.
Check back later today for a poll gauging reader response to Chiang’s criticisms.