The problem with these types of issues is that it doesn't gain a majority of support even within the party that proposes it.
And the whole thing makes me personally suspicious - it smells wrong. Someone wants to get money, and someone wants to break the power of the lobby. CalPers is pretty effective at getting whatever they want, including in the boardroom.
But, are my interests best served by supporting those who have an agenda other than an effective retirement system?
>>But, are my interests best served by supporting those who have an agenda other than an effective retirement system?
Excellent point. To me, this takes some power from Calpers, moves it to Wall Street, and still doesn't solve the known problem that the State is handing out benefits far in excess of the public sector.
How is this any better for the taxpayer?