Our State Worker column in today's Bee looks at the Fair Political Practice Commission's investigation into gifts received by CalPERS administration and staff. Since the FPPC doesn't disclose details of investigations until they're done, there's plenty that we don't know about the CalPERS situation.
As today's column reports, board President Rob Feckner said he'll pay $800 for three meals that he forgot to report and a fourth that he undervalued in the last five years.
Our sense is that many of the alleged violations involve similar reporting lapses. But it only takes one or two big violations to create a new PR headache for the fund.