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Feb
3
Written by:
Trinda Lundholm
2/3/2010 12:08 PM
The following letter to the editor appeared in the Feb. 3 edition of the Sacramento Bee newspaper.
Re "Sparks fly at CalPERS forum on pension cost" (Page A1, Jan. 30): At the recent CalPERS forum on pension costs and at several public appearances, anti-public employee critics have deliberately spread untruths and exaggerations about the pensions I and thousands of public retirees have earned and deserve.
For example, Gov. Schwarzenegger said in his State of the State address that public employees' pensions have jumped 2,000 percent in the last 10 years. The figures are a deliberately cropped picture. The "2,000 percent increase" compares a time when the state paid little or nothing to the pension system during years of robust investment earnings to the recent market cycle extremes and current economic downturn.
In 1981-82, pension contributions for the largest category of CalPERS employees cost the state 19.6 percent of payroll. For the current 2009-10 fiscal year, the state is paying 16.9 percent.
When erroneous or misleading information is repeated enough times, it can be perceived as the truth by those who don't take the time to understand the pension system or who need an easy target during these troubling economic times.
– Roger Marxen, president of CSEA Retirees Inc., Sacramento
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Reasons to join CSEA Retirees, Inc.
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Click the image to watch a video explaining the many reasons
why state retirees and future state retirees should join CSEA Retirees,
Inc. To hear sound, you must have speakers connected to your
computer. After viewing the video, help protect your pension and health care by joining CSEA Retirees, Inc. Call (888) 808-7197 or join CSEA Retirees, Inc. by filling out an application. Print out this application, fill it out and send it to:
CSEA Retirees, Inc. 1108 O St. Sacramento, CA 95814
The sooner you become a member, the sooner we can join together to protect our pensions and health care. |
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CSEA Retirees, Inc. is the largest, most experienced organization exclusively representing state government retirees. With 24 chapters statewide, we help protect the health care and pension benefits of nearly 30,000 members.
CSEA Retirees, Inc. is the largest, most experienced organization exclusively representing state government retirees. With 24 chapters statewide, we help protect the health care and pension benefits of nearly 30,000 members.
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CSEA Retirees PAC Brochure
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Do your part to protect our pensions, health care and benefits – Join the new political action committee for CSEA Retirees, Inc. today!
Click here to see the CSEA Retirees, Inc. PAC brochure and application. Print it out, fill it out and mail it to CSEA Retirees, Inc., 1108 O St., Sacramento, CA 95814.
Do your part to protect our pensions, health care and benefits – Join the new political action committee for CSEA Retirees, Inc. today!
Click here to see the CSEA Retirees, Inc. PAC brochure and application. Print it out, fill it out and mail it to CSEA Retirees, Inc., 1108 O St., Sacramento, CA 95814.
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Take Action!
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Use our new Action Center to contact legislators, write letters to the editor and more!

Use our new Action Center to contact legislators, write letters to the editor and more!

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CalPERS Member Web Site
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CalPERS has introduced the first release of a new, secure Web site designed with members in mind. my|CalPERS allows members to view and manage their personal information, and conduct their financial and retirement planning activities in a quick and secure way.
CalPERS has introduced the first release of a new, secure Web site designed with members in mind. my|CalPERS allows members to view and manage their personal information, and conduct their financial and retirement planning activities in a quick and secure way.
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