"[A]ctuarial methods adopted by CalPERS will raise many employer rates to what ... could be 'unsustainable costs of between 25 percent of pay for a miscellaneous plan and 40 to 50 percent of pay for a safety plan (police and firefighters).' The official CalPERS view ignores the possibility that the big rate increase could squeeze funding for other programs enough to trigger a backlash[.]"  MORE >>