Retired 4 years ago this month, 6 days after I turned 50. Several on this board, (you know who you are), promised me that CALPERS would soon fold and that I would be destitute by now.
$8,000'ish x 48 months = $320,000 sucked out of California so far.
For awhile, I was worried that my checks would stop coming when HUGH R retired... thankfully, he decided to stay in California and keep paying those CA taxes, instead of moving to the Poconos.
The Ponzi scheme marches on...
DL