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CALPERS Want to Pick Your Pocket

Original post made by Ken in South Pleasanton on Jul 22, 2009

CALPERS investments lost nearly 25% in the last year, so they are now talking about replacing their losses by charging our cities more (i.e. taking our tax dollars to make up for their investment losses). Whose pockets can you and I pick to make up for the losses in our retirement plans? This is just another example of a system gone bad. CALPERS should have to eat the losses in the same manner that you and I have had to eat the losses.

Comments (3)

Posted by Original Joe, a resident of Downtown
on Jul 22, 2009 at 10:05 am

And last year CalPERS gave a bonus of $209,000 on top of a $550,000 salary to executive Russell Read. I wonder what it will be this year.

Posted by ???, a resident of Another Pleasanton neighborhood
on Jul 22, 2009 at 10:13 am

Surprised? Not me. That's how it works so open up your wallet and stop whining.

Posted by Cholo, a resident of Livermore
on Jul 22, 2009 at 12:01 pm

My sentiments EXACTLY!

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