Yves here. Because we’ll have a mini-comments interruption due to the transfer to our new webhost, it seemed in order to give you some additional entertainment. Even though this is another review of the CalPERS long-term care mess, the video format might make it more accessible that the written versions we’ve provided, including by Lawrence Grossman, who is cited in this presentation.
While this may seem to apply only to the unfortunate participants in this plan, I hope you’ll see fit to circulate it to California taxpayers. It illustrates the depth of incompetence and malfeasance at the giant pension fund.
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The information he provides at the end of the video about current alternatives to traditional long-term care policies is worth noting.