A photo illustration of opioid addiction. (Photo: Kimberly Boyles, via Shutterstock)
OPINION: A key focus of this year’s California legislative session is the nation’s opioid crisis, and rightly so. According to the California Healthcare Foundation, an estimated 2,000 Californians died of an opioid overdose in 2016. The opioid epidemic confronting California and the rest of America is a growing public health crisis from which no state is immune.
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)
First CalPERS announced last year that it was cutting the eye-popping pension of a former city of Vernon official, Bruce Malkenhorst, from $551,688 a year to $115,848. Then yesterday the CalPERS board approved the recovery of a $3.5 million pension overpayment from Malkenhorst, 84, who retired in 2005 from the tiny industrial city south of downtown Los Angeles known for corruption.
“The LAO says the state is flush with cash and multibillion-dollar reserves loom in coming years. How should we spend the money?”