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Despite the fact that more than 1.5 million California public employees enjoy quality health care and real retirement security through the $210 billion California Public Employees’ Retirement System (CalPERS), there are those who think our pensions should be dismantled.
Last year several politicians tried to privatize CalPERS by turning the nation's largest defined benefit pension system into individual savings accounts managed by brokers. Fortunately CSU employees have a strong voice on the CalPERS board to protect our retirement security, and Professor George Diehr was able to help turn back the threats.
When we elected Diehr to the CalPERS Board of Administration in 2002 it was clear he had to help the fund recover from the stock market crash; but after four years in office his work is critical to protecting pensions for CSU and all California public employees.
"When I toured the campuses in 2005 to talk with people about threats to our retirement security, it was clear that all CSU employees were concerned," Diehr said. "While we stopped the attacks then, it is clear that we face more assaults in the future. I want to keep working to protect our retirement and will keep fighting to make sure all our benefits are safe."
This summer our CSU retirement security representative will tour campuses again to listen to the concerns of CalPERS members and answer questions about health care and retirement benefits governed by the fund. CFA will schedule pension and health care security meetings on your campus over the summer. To request a meeting click here to send an email, and a representative will contact you.
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