The SPRING 2011 | CalPERS Retire Member Edition (PERSpective) has lots of nice information. I am impressed with the outcome and would hope that the FEDERAL government would improve its VERY outmoded system. It includes an introduction on information technology transformation, an open letter from CEO Anne Stausboll, topics on health and retirement, areas regarding board of administration, and news briefs.
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Author’s opinion only: As mentioned in my previous blog entries, those who pay into the system MUST get back at least its equivalent value at those times and adjustments for current market and investment levels. Also, those newbies can take a cut in pension and everything else considering the current economic conditions. If it’s too expensive to meet these basic goals, then just be honest but importantly ethical. Then maybe the taxpayers will be more understanding.
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