Any time an organization feels it is being misunderstood and wants to set the record straight, it prepares a “Myths versus Facts” document. CalPERS’ media relations shop presents “facts” to explain what they feel are common misconceptions about public employee pensions in California. There is some good information here, portrayed with relatively little “spin.” This is the official description: “Myths vs. Facts educates, separates fact from fiction, and provides CalPERS responses about issues related to pensions, investments, accountability and ethics, and health care. Read the facts on common misconceptions.” https://www.calpers.ca.gov/page/newsroom/myths-vs-facts