Taxpayers were way too generous
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CalPERS was largest investor in Enron. No one lost their job because of it.
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switch to defined contributions not defined benefit
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AND the State Constitution REQUIRES that public pensions be funded FIRST from the annual budget. Guess which interest group got that done.
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I mentioned this last week on my show briefly. Federal pensions are huge as well.https://www.spreaker.com/user/9554031/ronnie-evil-08-04-2017 …
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