April 28th, 2010, 12:54 pm · posted by Teri Sforza, Register staff writer
We told you that membership in California’s $100,000-plus public pension club leaped by 50 percent over the last year.
But this heavy load will grow exponentially heavier, and the big picture is even more disturbing than that.
To illustrate, we do a little number crunching with Marcia Fritz, the CPA who is president of the California Foundation for Fiscal Responsibility (and who regularly updates the $100,000 club database with numbers from the California Public Employees Retirement System — the largest such system in the nation).