Insult to injury

By Michael Fitzgerald | Published: July 19, 2012 | 4 Comments

CalPERS, the state employee retirement system, sold the state on the “3 percent at 50″ enhanced retirement benefit (“not 3 pecent at 30″ as I originally wrote) . It has fiscally compromised the state and contributed to breaking Stockton’s piggy bank.

Now CalPERs executives are saying cities should have managed their money better.

What’s not to love?

This entry was posted in Uncategorized. Bookmark the permalink. Post a comment
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Rules. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or fill out this form.

  • Blog Author

    Michael Fitzgerald

    Mike Fitzgerald is The Record’s award-winning metro columnist. His column runs in the paper three times a week. Born in San Francisco, he was raised in Stockton. His column covers diverse beats including, sometimes, the offbeat. Read Full
    More posts by the Author »

  • Categories

  • Archives

  • RSS Related Content