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What's really driving CalPERS contribution rates higher and higher

OCTOBER 30, 2015 | by Robert Fellner | LOS ANGELES DAILY NEWS

Op-ed by Robert Fellner, includes" If public pensions are so modest, as the California Public Employees' Retirement System (CalPERS) likes to suggest, why are taxpayer contribution rates continually being raised? ... Taxpayers work full careers before retiring and deserve to know the true value of a full-career public pension - particularly when it means they must now pay higher taxes, receive fewer city services or both..."

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