By Ron Fink, includes “… The Santa Barbara County grand jury investigated the health of the CalPERS system; its conclusion wasn’t very optimistic for us taxpayers. … Should employees worry about receiving their retirement benefits? The short answer is no, since taxpayers subsidize their retirement fund from taxes collected to provide services, and more funds would be diverted from tangible improvements to CalPERS.”
Read the full article on: Santa Maria Sun (California)