Comments on: SD pension reform: workers begin paying http://calpensions.com/2009/08/17/sd-pension-reform-workers-begin-paying/ CalPERS, CalSTRS and other government pensions Sat, 04 Feb 2012 10:27:25 +0000 hourly 1 http://wordpress.com/ By: Leucadian http://calpensions.com/2009/08/17/sd-pension-reform-workers-begin-paying/#comment-2739 Sun, 06 Sep 2009 20:21:00 +0000 http://calpensions.com/?p=1506#comment-2739 This was an excellent article. In the city of Encinitas, when Council first decided to go to CALPERS for our retirement system for city employees, I had doubts as we were only presented with very optimistic projections of future investment earnings. All of the calculations included a “built in” assumption that investment earnings would average at least 7% (compounded) per year. Of course we switched over during a boom period, but that was counted as normal or average.

I feel that the city of La Mesa made the intelligent choice, one of integrity and fairness to all of the citizens. I also agree that ““You have to make sure that you have people with an independent view of the program,” sitting on the Board of Directors of CALPERS.

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