San Bernadino Declares Bankruptcy

The California Public Employees Retirement System (CalPERS) is protesting San Bernardino’s bankruptcy case, pointing out it’s their job to protect the pension fund.  Who protects taxpayers from CalPERS and union officials who…

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The Pension Fund That Ate California

Steve Malanga tells the story of the largest government union pension fund – CalPERS, in the City Journal.   After spending years dogged by unpaid debts, California labor leader Charles Valdes filed for bankruptcy in…

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