Pension reform crusader David Crane steps down today as a member of the University of California Board of Regents. That’s because the state Senate didn’t confirm his appointment to the post within the year prescribed by law.
…Crane, a Democrat, was Schwarzenegger’s point man on public pensions. He contended that the state’s three largest funds, including UC’s, were committing “generational theft“ by understating their liabilities and siphoning money from schools and social programs…
Full article: http://www.sacbee.com/2011/12/27/4146490/the-buzz-pension-reform-crusader.html
Full article: http://www.sacbee.com/2011/12/27/4146490/the-buzz-pension-reform-crusader.html