The recent Perspective in The Tribune regarding CalPERS being in a deep hole doesn’t surprise me (“CalPERS remains in a deep hole,” July 16). A recent conversation with a retired CHP officer revealed they retired at the age of 50 at 90 percent of their pay. This is not outrageous, it is obscene. CalPERS needs to fire the official(s) who signed off on that agreement.
Who in private industry, other than the top 1 percent, retires on such generous terms?