From a news story by Jim Sanders in The Sacramento Bee:

Marcia Fritz of the California Foundation for Fiscal Responsibility, which seeks change in the state’s pension system, said golden handshakes add pressure to an already strained pension system and taxpayers will be left holding the bag if returns fall short of expectations in the future.

“As folks in the private sector are clinging onto their jobs with their fingernails, to see these kinds of raises in the public sector is probably Exhibit A why the Legislature is held in such low regard,” said Jon Coupal of the Howard Jarvis Taxpayers Association.