Shucks, thanks ff! :-)
NR, are you talking about CALTSRS or CALPERS (or both)?
I was mainly thinking CalSTRS but CalPERS and other unions info would be helpful.
What may sound like of a lot of money to an individual may not be for some 20K a year or ~$1,667 a month and then getting SS adjusted?
Someone who manages the funds is probably the one making out the best.. sounds like a lot of workers bees benefit a few queen bees immnesely.
The money is at the high end, getting to it is the trick.. administration.