As we have noted, the state mechanically funds CalPERS and thus makes an automatic contribution to the CSU pension system. But the state is reluctant to concede any such obligation to UCRP.
Could that be an "honest" mistake? At least UC's pension doesn't have the kinds of problems seen at CalPERS (see below). If you had to choose between them, which plan would you favor?
The first two payments were made in paper bags. The last installment
came in a shoebox. The handoffs all came at a Sacramento hotel near the
Capitol.
In a stunning admission covering years of corruption, the
former chief executive of CalPERS said Friday he accepted $200,000 in
cash, along with a series of other bribes, from a Lake Tahoe businessman
who was attempting to influence billions of dollars in pension fund
investment decisions...
Full story at http://www.sacbee.com/2014/07/11/6549921/former-calpers-chief-pleads-guilty.html
A shoebox? Are you sure it wasn't a tin box?
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