The DOJ agrees: Calsavers is illegal

Anyone paying attention to California politics knows that our public pension funds are in big trouble. Notwithstanding a vibrant economy, both the California Public Employee Retirement System (CalPERS) and the California State Teachers Retirement System (CalSTRS) are tens of billions of dollars in debt.
Unfunded liability, a fancy name for that debt, is not the only problem with publicly administered pension funds. Malfeasance and poor governance have plagued these funds for decades.
Given these