Archive for February 26th, 2018

CalPERS to Force Choice Between Bankruptcy and Bureaucrats

Monday February 26th, 2018   •   Posted by Craig Eyermann at 6:18am PDT   •   0 Comments

In an all too predictable move, the board of the California Public Employee Retirement System (CalPERS) pension fund has begun taking steps to try to bail itself out before it is forced to acknowledge that it has little-to-no prospect of paying out the excessively generous pensions that politicians have promised to local government employees…
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