In Wednesday’s column we talked about how very much CalPERS, the state pension system, deserves to be reformed. CalPERS behavior is even worse than I ticked off in that piece.
Here, if you’re interested, are the communications between the desperate city of Stockton and the cold-hearted pension giant.
Like a municipal Oliver Twist pleading for more gruel, the city — struggling to avoid bankruptcy — pleads with CalPERS for hardship exemptions of several sorts.
CalPERS says no, no, no. No matter how dire the city’s emergency, CalPERS demands its money. Honestly, were a nuclear bomb to drop on Stockton, I believe CalPERS lawyers would be first responders.
If the Pension Reform Act of 2014 makes the ballot and passes — and after CalPERS fights the will of the people all the way to the Supreme Court — only then will fairness be restored to municipalities and the public they serve.