Comments on: CalPERS Long-Term Care bretrayal

By: Evelyn

Evelyn — Mon, 01 Apr 2013 23:30:39 +0000

Above, bad link. Try: HERE

By: Evelyn

Evelyn — Mon, 01 Apr 2013 23:28:49 +0000

"Judge rules Stockton, Calif., to enter bankruptcy" HERE - Stockton now owes CalPERS about $900 million to cover pension promises, far the city's largest financial obligation. Many struggling cities across California are in the same situation.

By: Phil Veerkamp

Phil Veerkamp — Mon, 25 Feb 2013 23:40:11 +0000

$HIT!!!

By: cookie65

cookie65 — Mon, 25 Feb 2013 18:53:12 +0000

Dr. Ben Carson called political correctness “a horrible thing”. As far as the promises made by CalPERS/CalSTRS and other such entities, there are going to be a lot of promises broken. They already bought the votes, political contributions and union loyalty. The fiscal reality is the money is not there. We are heading for a standoff between taxpayer and public sector beneficiary. I sympathize with your situation but the reality is too many promises have been made to possibly make good on.

By: Phil Veerkamp

Phil Veerkamp — Sat, 23 Feb 2013 16:41:58 +0000

Anthony, this does not directly address the issues you write about but, there was a very informative podcast last night on CalPERS history and the evolution of its crushing California debt obligations. At the bottom of the page on the left is an audio link. The relevant audio begins ~19 minutes in. Allow the clip to load and move slider to ~19.LINK - CalPERS history - DISCLOSURE – I am a retired CalPERS benefit recipient. I WILL NOT VOLUNTAIRILY REBATE MY LOOT. But I will peacefully yield to realistic reform.