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It’s time for pension reform

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Why is it that the taxpayer must make up any investment losses that CalPERS incurs? If CalPERS makes investment decisions that result in losses to their investment funds, then the recipients’ pensions should be adjusted accordingly. After all nobody bails non-government retirees out when they lose money in their 401(k) plans or retirement funds. Also, nobody but nobody who is retired should be receiving any health benefits paid for by any government agency. Regardless of your job with the City of Roseville, be it police, fireman or clerical, any retirement before age 65 should be treated as an early retirement and pensions adjusted accordingly. Nobody should be able to retire at full benefits at age 50. It is about time that the state, cities and counties act to ensure fiscal sanity and stability. Gene Martineau, Roseville