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The CalPERS Bill Has Come Due
Howard Jarvis Taxpayers Association 
[Opinion] Apr. 22, 2013 "Information provided to the governor and the Legislature to justify huge pension increases in 1999 was ludicrous on its face.... CalPERS estimates for investment return growth relied on the Dow Jones reaching 25,000 by 2009 -- it turned out to be about 8,000 -- and 28,000,000 by 2099. It was as if the return would be so great it would be hard to spend all the money rushing in[.]" MORE >> |
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