USA - Californian Assemblyman Keith Richman has made several damning comparisons between the CalPERS board and those involved with the San Diego pensions crisis, even calling on attorney general Bill Lockyer to comment on whether the fund's actions regarding retroactive benefits violated its constitutional and fiduciary duties.
Richman’s office claimed there were similarities between the CalPERS board’s actions and that of the Kroll report findings, which claimed San Diego city’s fiscal crisis was caused by unlawful deals...
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