Editorial, includes “The highest annual pension paid last year by the California Public Employees’ Retirement System (CalPERS) went to one of the managers of the pension fund itself. … The figures come from Transparent California, which has just released 2019 pension payout data. Transparent California’s Robert Fellner says Ishii is the first CalPERS pensioner to ‘legitimately’ break the $400,000 mark. …”