California City Abandons Sinking Pension Fund
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  • Mysticbeetle

    Smart city administrator, probably unpaid too. I quit the stock market casino 6 months ago, kept acopy of the porfolio, it’s down, on paper’ 36%. He who gets out first, might get out with a few bucks of principal.

    • BooMushroom

      “He who panics first, panics best.”

  • Just waiting for Calpers to jack the fee up to $1 trillion! There will be no escape.

  • SkippingDog

    Canyon Lake has two (2) employees and has done nothing more than give CalPERS a notice of intent to terminate their contract. They have no real idea of how much that will cost, so it remains to be seen whether this is a prudent or even feasible financial decision for the city.

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