To: Interested Parties
From: Steve Maviglio, Pension Facts
Re: Chicken Little Pension CalPERS Claims Aren't Coming Home to Roost
For several years, Stanford professors paid by special interests and taxpayer "foundations" bankrolled by anti-union donors have attacked public pensions, pointing to their losses over the past few years. Never mind that their "solution" -- 401(k)'s -- performed even worse, losing trillions of dollars.