[kingu]

Wow, I really want a ride on that boat.. Win money in the market, great! Lose money in the market, wonderful, since the California taxpayers will still pick up the tab.

When did public service become a career? Teachers, police, firemen - fine. Nothing for desk workers, only for field personnel. The rest can go get real jobs and we can fill the voids with those who don't mind working to help their fellow citizens instead of watching the calendar for retirement.

[calcowgirl]

If you do the math, you will find that the anomaly is not losses, it was great GAINS,
thereby making the 2000 contributions abnormally LOW.
Unfortunately, the state then spent the difference on other 'freebies'.

Get this: there are no savings in this proposal. It will cost more!