Gov. Newsom's pension paydown plan: Part smart, part is scary.

Gov. Newsom's pension paydown plan: Part smart, part is scary.

One of the best ideas in the budget Gov. Gavin Newsom unveiled Thursday was his plan to give $3 billion to the California Public Employees’ Retirement System and $2.9 billion over four years to the California State Teachers’ Retirement System to pay down unfunded pension liabilities for state workers...