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Even the smallest of California counties are corrupt.
"At least $6 million was taken directly out of the County's required yearly pension contributions.
The County only paid what the Actuary said it needed to pay the Pension Fund in those years. By diverting $6 million the Retirement Board directly increased the Pension Fund's deficit."
This is part of the reason government pension funds are not treated like private entities. If they were, they who stole the pension money would go to jail. Instead those responsible get paid by YOU to steal pension money.
Makes you proud of government?
More...
"At least $6 million was taken directly out of the County's required yearly pension contributions.
The County only paid what the Actuary said it needed to pay the Pension Fund in those years. By diverting $6 million the Retirement Board directly increased the Pension Fund's deficit."
This is part of the reason government pension funds are not treated like private entities. If they were, they who stole the pension money would go to jail. Instead those responsible get paid by YOU to steal pension money.
Makes you proud of government?
More...