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Instead of running its organization with complete transparency, CalPers has decided to hire public relations hacks and hide the facts.
"The California Public Employee Retirement System has launched a public relations campaign intended to tone down the rhetoric in the increasingly raucous debate over public employee pensions.
Speaking at the first of two CalPERS- sponsored "California Retirement Dialogue" forums, pension board President Robert Feckner said the goal is to "separate fact from fiction."
But the facts CalPERS has trotted out so far do more to distort than clarify the issue.
For example, CalPERS' official Web site says the average retirement of all fund retirees is $2,101 a month, or a modest $25,212 a year.
That's a dishonest figure.
It includes an unknown number of local, state and school district employees who worked as few as five years in public service, the minimum number of years required to be vested in the CalPERS system."
Here is what I know. When a government agency lies, it is hiding corruption. We now know CalPers is corrupt--and they have our pension money.
Angry yet?
More...
"The California Public Employee Retirement System has launched a public relations campaign intended to tone down the rhetoric in the increasingly raucous debate over public employee pensions.
Speaking at the first of two CalPERS- sponsored "California Retirement Dialogue" forums, pension board President Robert Feckner said the goal is to "separate fact from fiction."
But the facts CalPERS has trotted out so far do more to distort than clarify the issue.
For example, CalPERS' official Web site says the average retirement of all fund retirees is $2,101 a month, or a modest $25,212 a year.
That's a dishonest figure.
It includes an unknown number of local, state and school district employees who worked as few as five years in public service, the minimum number of years required to be vested in the CalPERS system."
Here is what I know. When a government agency lies, it is hiding corruption. We now know CalPers is corrupt--and they have our pension money.
Angry yet?
More...