[NormsRevenge]

Gerald Parsky, an investment executive and former chair of the University of California Board of Regents..
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He did a real bang-up job at UC.

[EagleUSA]

Schwarzenegger's Finance Department estimates the state would need to invest an additional $44 billion to meet its pension obligations to all current state employees.
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"Invest"?? You mean tax out of the public -- let's see with $70 BILLION in debt on the table now, should we add this $44 BILLION to it ???

Hey Arnie? "Is the credit card full yet??"

[jrp]

Those costs are rising rapidly because retirees are living longer and health care prices are outpacing general inflation.

It's also rising rapidly because many, if not most, of these employees have been granted outrageously lucrative retirement packages.

[SmithL]

Crosslink: Editorial: Pension puzzle