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Calif. Governor Appoints Berte to CalPERS Board

West News • January 24, 2005
Governor Arnold Schwarzenegger announced that Marjorie Berte, 52, of San Francisco, has been appointed to the Public Employees' Retirement System Board, according to the Los Angeles Times. Berte ...

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Subject: CalPERS needs a shakeup

Posted On: January 25, 2005, 2:09 pm CST
Posted By: Tom MacDonald
Comment:
The cost of defined benefit pensions for State and local workers in California has skyrockedted. In my town the cost of the police pension program has tripled in the past 2 years to over 30% of payroll. Many cities are worse.
Reform is overdue, but CalPERS has dragged their feet. Hopefully, Marj Berte will be a voice for reform, but she will face lots of resistance. Lots of luck.
Subject Posted By Posted On
CalPERS needs a shakeup Tom MacDonald
Jan 25, 2005, 2:09 pm
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