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CalPERS is shocked - just shocked - to find cities reeling under growing pension debt

NOVEMBER 27, 2017 | by Steven Greenhut | REASON

By Steven Greenhut, includes "... CalPERS is never going to state the obvious: 'We know these massive, underfunded pensions are not sustainable, but we're going to do everything possible to push the problem into the future and blame everyone else for the problem.' But the pension fund's board might as well have said as much after two actions it took at last week's Sacramento meeting. In one case, it decided to seek a legislative sponsor for a bill that would enable it to shift the blame to local agencies ..."

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