News item from the Modesto Bee: Cost for the City of Modesto to leave CalPERS: $1 Billion plus. A Rosy Prediction of Early Last Decade In the early 2000’s, the Modesto City Council reviewed an analysis of the fiscal integrity of the California Public Employees’ Retirement System, otherwise known as CalPERS. The presentation was made in the context of proposals to lower the retirement age of public employees and/or raise […]