If you are now, or have ever been, an employee of the State of California, you should be paying attention to this:
"CalPERS has continued in its shameful tradition of grossly overpaying Marcie Frost via unwarranted annual compensation increases. And by “unwarranted,” we mean not just the total amount but also the fact that the lofty bonus amount is not justified under her existing compensation structure.
"Her total 2026 award was a $1.149,836 bonus. that plus her salary of $601,398 results in total pay of $1,751,234. That brings you to a record of 18.33% in publicly disclosed pay increases over her nine-year tenure at CalPERS.
"And those figures are not the sum total. Frost also received a non-disclosed long-term compensation award.
"Frost’s new salary for 2026/2027 is $641,250. Pray tell, since when are public officials entitled to salary increases that meaningfully exceed the rate of inflation?"