Ranks of high-priced public pensioners explode in California

Yes, public employees, we know you detest $100 K club stories. And that there's nothing magical— or diabolical— about the number $100,000. But we argue that the growth of the $100 K club in the gargantuan California Public Employees Retirement System— the nation's largest— is a canary in the coal mine, signaling stresses on public retirement systems as a whole.