Irresponsible CALPERS Board
08/21/2014 4:08 PM
08/22/2014 5:16 PM
Re "Brown critical of CALPERS" (Capitol & California, Aug. 21): The Board of the California Public Employees Retirement System has reached another pinnacle of irresponsibility. With CALPERS already underfunded, the board has voted irresponsibly to include special payments in calculations for pension benefits. With their 7 to 5 vote of approval the Board is sending an open invitation to courts, the public and others to attack pensions of the members of CALPERS.
The Board's vote must be reversed.
-- Carl Hauge, Sacramento
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