[rbg81]

Yeah, this’ll work. [Chortle, snort]

[fella]

Anybody in Vagas taking bets on how many months before the State raids that fund?

[Kolath]

lock box? What lock box? It will just get dumped into the general fund.

Piggy bank just begging to get smashed!!!!

[Wonder Warthog]

"Yeah, this’ll work. [Chortle, snort]

Since it's California, maybe not. But there are already many, many state-run retirement plans for various state employees. I'm most familiar with the Louisiana teacher's retirement plan (my mom taught for 40 years and drew full retirement, and my wife was an LSU instructor long enough to qualify, so she gets a small stipend from the fund). I know California has a similar teacher's retirement plan. With perhaps a few exceptions (I am aware of none, but I'm sure some must have problems), they work quite well. And are much more Constitutionally legitimate than Social Security (find SS in the Constition.....not).