Politics
Trump wanted to fire women who weren't pretty enough, say employees at his California golf club

Congressional Budget Office

California's pension crisis: Sustaining sweetened benefits

California's pension crisis: Sustaining sweetened benefits

To the editor: Thank you for initiating such an important investigation into the pension time bomb facing California taxpayers.

I wondered why it was that no provisions were included in the 1999 legislation to periodically renegotiate based on actual investment returns? To maintain sustainability, I think there should have been a renegotiation every five years to adjust a combination of benefit levels and employee and employer contributions. After reading your first installment, it became clear why this didn’t happen.

( “The political deal that’s...

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