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Pending Bill Opens Door to Pension Corruption at CalPERS
Dan Walters, in CalMatters [Opinion] May 5, 2021 "[Pending legislation] would allow the financially shaky California Public Employees Retirement System (CalPERS) to semi-secretly lend out untold billions of dollars by exempting details from the state's Public Records Act. Potentially it opens the door to insider dealing and corruption in an agency that's already experienced too many scandals, including a huge one that sent CalPERS' top administrator to prison for accepting bribes." |
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