CalPERS board members comment on the pension debate

The recent back-and-forth debate over pensions for public employees always lands on important issues like employer contributions and discount rates. Lost in the discord, though, is what’s ultimately at stake: the financial future of millions of Americans. So let's get to the point and not fall into the tired trap of looking back: It's time to put SB 400, the 1999 California legislation that changed benefits for public workers, behind us. 

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