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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.