With just 400 to 450 words for our weekly State Worker column, much of what we learn each week never sees print. Column Extras give you some of the notes, the quotes and the observations that inform what's published.
Today's State Worker column contasts CalPERS' measured reaction to recent public pension legislation to roll back benefits (now awaiting Gov. Jerry Brown's signature) with the fund's support for retroactive pension upgrades in 1999. Here's the brochure CalPERS issued back then, explaining why retirement benefits should be enhanced and how those increases would have no meaningful fiscal impact on employer costs.
The legislation on Bown's desk rolls back benefits to pre-1999 levels for workers hired Jan. 1, 2013 and later.
PHOTO: CalPERS headquarters in Sacramento / Sacramento Bee 2008 file