It's public-worker, risk-free investing

04/21/2014 7:04 AM

04/22/2014 6:28 PM

Re "Workers should pay more" (Letters, April 20) Even well-meaning public employees don't get it or are ignoring it, Joe. You stated you wouldn't want your retirement plan at the mercy of the stock market. Your pension manager's (CalPERS or STRS) investments are actually at the mercy of the stock market, the real-estate market and the rest of the marketplace.

When your pension manager's investments go south, the taxpayers - those of us whose investments have also suffered - make up the difference.

We've just been asked to pony up an additional annual $5 billion annually, for CalSTRS alone, to cover its debts.

For you public employees, it's guaranteed, risk-free investing for now. It will come crashing down because it's a shell game not based in reality. Sound fair?

-- John Chase, Rocklin

Editor's Choice Videos

 

Join the Discussion

The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service