Sometimes this does actually happen, "His predecessor, Gov. Pete Wilson, took $1.6 billion from CalPERS accounts in 1991 to help close a state budget gap." But

Sometimes this does actually happen, "His predecessor, Gov. Pete Wilson, took $1.6 billion from CalPERS accounts in 1991 to help close a state budget gap." But the overall trend is exactly the opposite. TFA is called 'The pension gap' for a reason. According to TFA, billions are flowing from general funds into the pension fund to cover the short-fall. $24.6 billion in the last decade, and another projected $20 billion in the decade to come. [1] When the pension benefits amount to $2.6 million annuity at the day of retirement after 30 years on the job, yes, it is objectively too much of a benefit and unaffordable. If we were talking about an annuity worth just 5% of salary for each year worked, it would be a different story. But $2.6m divided by 30 is $86,666. That is just insane. [1] - http://www.latimes.com/projects/la-me-pension-crisis-davis-deal/static/img/la-me-g-pension-crisis-davis-deal-burden2.png http://www.latimes.com/projects/la-me-pension-crisis-davis-d...