CalPERS plans 85% rate hike for long-term-care insurance

Feb 21, 2013 Full story: Los Angeles Times

Dailey Mayo received some stunning news in the mail this week: an 85% rate increase for the long-term-care insurance he has had for 15 years from the California Public Employees' Retirement System .

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Randy R

AOL

#1 Feb 22, 2013
This is a real tragedy. But, the union leaders should have known that the politicians were over promising the workers in return for union campaign support.

Most twelve year olds know that "If it sounds too good to be true it probably is too good to come true".

The fact that CalPe were promised the most costly contracts in American History might have been a clue.

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