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Did CalPERS use accounting 'gimmicks' to enable financially unsustainable pensions?

JANUARY 26, 2018 | by Edward Ring | CALIFORNIA POLICY CENTER

"... CalPERS spokesperson Amy Morgan seemed to suggest the characterization of their accounting practices as employing 'gimmicks' is not backed up by evidence. Morgan is invited to review the following evidence, after which she may join our readers in deciding whether or not 'gimmicks' were employed."

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