CalPers Can't Understand?

Reason magazine reports how folks at the California Public Employee Retirement System are baffled that some aren't happy with their latest manipulation of public employee pay. Governor Brown attempted earlier on to at least slow down pension spiking- the practice of adding any number of various bonuses and such to their total pay thus giving the employee more for retirement. 

CalPers rose to the occasion by categorizing the bonuses and other perks as base pay so they could continue to use them to count towards their pensions. Goes to show relief for underfunded pensions doesn't seem anywhere in sight, especially since the state legislature doesn't want to touch the issue.

Interesting factoid in the article:

"The Times notes that pension contributions from the state and municipal governments within California have jumped from $1.9 billion to $8.1 billion in 10 years. That’s not even getting into the massive problem of growing health care costs for government employees."