Samueltt   US

Posted: 12:20 pm [PST] on May 20 2007

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S. Burt   San Clemente

Posted: 01:41 am [PST] on April 12 2006

State retirement funds like STRS and CalPers are doing exceptionally well because they are private business investing state employees retirement funds into successful portfolios. Union and municipal operated retirement funds are not invested properly and consequently in danger of running short of cash flow to pay out to retirees. With divorce rates running so high retirement funds other than social security are being split in half leaving neither spouse with enough security to own property into their golden years.

Paul LaBahn   Mission Viejom CA

Posted: 04:38 pm [GMT] on January 31 2006

Pebsions have no relation ship with
quality of people,our stupid gov't got us into this mess and someday we'll have to pay for it

R. Swan   San Luis Obispo

Posted: 09:09 pm [GMT] on January 25 2006

Controller Chick seems to have forgotten that many local gov were not putting any monies into their pension system when the times were good. They used pension funds for other matters. Now the ticket is coming due. This is an important matter. Your web site is FULL DISCLOSURE should mean just that. As for you questions, I quess big business contributions don't matter?

Frank Whelan   HIdden Hills

Posted: 06:18 pm [GMT] on January 24 2006

Obvoiusly Laura is talking from the perspective of a "Controller". The fact that she is expressing a concern about where the money is going to come from demonstrates that she is a responsible public servant. She deserves praise for her courage and willingness to tackle what is going to be a major crisis faced by our cities and counties.

Fred Lowe   Location unknown

Posted: 05:03 pm [GMT] on January 24 2006

This is really a disgusting and distorting video that one would expect from the Governor but not from a Democrat (she still is, isn't she?)

Nadine Franklin   Chino Hills, CA

Posted: 02:39 am [GMT] on January 24 2006

I would prefer the pensions stay the same (I am not a public employee), but I'd rather they be reduced than go to a 401K type plan...it will cost the state more in the long run.

Joe Wegand   San Diego

Posted: 12:09 am [GMT] on January 24 2006

They seem to forget that public employees typically make less per hour than private employees under union contracts.

Mark Skeen   San Jose, CA

Posted: 01:32 am [GMT] on January 23 2006

The People of California have spoken.....Lets stop coming up with excuses and start spending our time solving problems...

Donald A Davis   El Cajon, CA

Posted: 12:06 am [GMT] on January 22 2006

Public employees negotiated in good faith with their employers and so if the employers had any questions, they should not have put the package on the table.
CalPERS has one of the best investment portfolios around and has even bounced back from the stock market mess. Big business does not like CalPERS as as an investor in several corporations, they as questions about how the company is run and the outlandish salaries that a lot of these executives make. Is it a perfect system, a lot better than a 40lk. Us working people have a right to have a secure future after we retire.