Town Square

Post a New Topic

CALPERS Want to Pick Your Pocket

Original post made by Ken in South Pleasanton, Downtown, 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)

Like this comment
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.

Like this comment
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.

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

My sentiments EXACTLY!

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: *

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Valley Trails site is poor location for school
By Tim Hunt | 8 comments | 588 views

Secrets to saving on your summer city vacation
By Jeb Bing | 1 comment | 366 views


Readers' Choice Ballot is here

It's time to decide what local business is worthy of the title "Pleasanton Readers' Choice" — and you get to decide! Cast your ballot online. Voting ends May 21st. Stay tuned for the results in the June 23rd issue of the Pleasanton Weekly.