May 8, 2014

Your editorial calling CalPERS "dishonorable to its core" was irresponsible. Nothing could be further from the truth. Statements such as this have no place in the discourse regarding pension reform. CalPERS is committed to strong governance, ethics and transparency. As part of this commitment, we welcome public input, as is the case of defining pensionable compensation, referenced in the editorial.

We have taken steps over the years to make changes to ensure the long-term sustainability of the pension fund. We are a different organization today. What hasn’t changed is our mission to protect the financial and health security of our members who serve California. It’s time for the U-T to stop the rants and rethink the rhetoric.

Read the May 3, 2014 U-T San Diego editorial.