Sandra Smoley News Today

Jan. 1, 1943The home of George May Jr. on the old Lincoln highway 99 has been purchased by Mrs. Ada Karr. Mrs. Karr is formerly of Fullerton, in the southern

How CalPERS set out to further screw its already abused long-term care policyholders.

Yves here. Please welcome Lawrence Grossman, who with his wife is a CalPERS long-term care policy holder. Grossman, a financial analyst, describes the extreme underfunding of this zombie program. The rate increases that CalPERS is putting through, a 900% increase over the rates charged at the outset, are wildly disproportionate to the level of any other significant long-term care program. In other words, even by the standards of an industry that is in deep financial trouble, CalPERS’ rate inc...