[aurailious]

Laws were changed to intentionally weaken pension funds and then articles like this are funded to further destabilize trust in them.

Another way of saying it: rich people were unhappy they have to pay taxes.

[DuskStar]

Wow, I didn't know that the anti-pensioners had so much influence in California!

Another way of saying it: I don't think your summary is particularly fair or accurate.

[tomjakubowski]

The anti-pensioners' historical influence is enshrined in the California constitution, Article XIII A.

https://ballotpedia.org/Article_XIII_A,_California_Constitut...

[SamReidHughes]

They passed Prop 13.

[lotsofpulp]

More like politicians and union bosses lobbied for taxpayer funded pensions to be exempt from laws like ERISA and PPA so that they could play games with the pension fund money and purchase votes from the union members without stating real benefit costs.

[anonuser123456]

Sounds rather conspiratorial. You should provide some evidence for such a claim.