“Taxpayers are now contributing nearly $25B/yr into public pension systems. That’s enough to make higher education free in California, covering tuition, books, food and housing for all students attending the UC, CSU and community colleges.”https://twitter.com/dancalmatters/status/966558536317616128 …
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I think the honest answer to this question would be "no". When politicians approved these pension plans, Calpers was telling them they wouldn't need additional contributions based on high rates of investment returns.
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They never communicated that if the rates of return changes that taxpayers would be on the hook for making up the difference.
End of conversation
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