Editorial Calls for Veto of Bill To Create ‘CalPERS-for-All’

An Orange County Register editorial argues that SB 1234 -- a bill passed by the Legislature that would require certain California businesses that do not offer retirement plans to join a state-run retirement program -- "ought to be vetoed" because "the billions raised by [the bill] would be better saved and invested, or spent by the people who earned that money and not turned over to the same sort of people who allowed public employees' pensions to run so far into the red."

• "Editorial: Keep California Government Away From Private Pensions" (Orange County Register, 9/17).