A picture is worth at least a Billion dollars when dealing with fraud and corruption in our California Pension system. Review the data below taken from the SBCERS pension fund history.

 So they say a picture is worth a thousand words, wrong because in this case a picture is worth Billions and Billions of dollars. I hope you understand the reason why I shared with you how my curiosity works in yesterdays posting? It is not some huge conspiracy issue with me, no not at all, It is just see a point of un-clairity and ask or research what is needed to bring the facts forward. Now today's posting will be short on words buy HUGE on CONTRADICTIONS. How can the SBCERS pension fund be 87% funded and hold 212,864 dollars in assets per member one year. When earlier they claimed to be 100% funded yet only held 170,931 in assets per member? The math will not allow for the fraud and misrepresentation that we are all lead to believe. After you review these most recent posting lets be honest there is no way our SBCERS pension fund has any UNFUNDED FUTURE LIABILITY. Now the last picture I share on today's posting is the other 15 County's with very similar Investment Returns from 1996-2000 as Santa Barbara taken from our grand jury's report. Than we have to ask the question have we the tax payers of California been ripped off County by County through our pension funds? Is there really any doubt with what little I have already supplied you. Please start sharing these pension fund postings with as many people as possible. We need to take California back and get our economy moving again.


Larry " Magic" Mendoza

      Please click on any picture below and they will open up to there own window for your review.

The above chart is taken from the 2003/04 report to our California State Controller. When you review the Data you see the SBCERS pension fund is reported to be 87% funded and yet has 212,864 dollars in assets per member WOW

This data is also from 2003/2004 and clearly has issues with missing data. I show this picture to verify in the year 2000 the data reflects that the SBCERS pension fund is 100% funded

In this report from 2000/2001 we see the SBCERS pension fund reported as 100.2 % funded and holding 170.931 dollars in assets per member.

This picture again shows in 2000 SBCERS pension fund was 100% funded

Why was the public making all these payments because that is where the funds really come from.

                                              http://www.sbcgj.org/2000/aud_fin.htm
Do you really think Santa Barbara County is the only one committing fraud and stealing from it's TAX PAYERS, How stuck on stupid is America? 

Counties With Assets In Excess 0f $800 Million

Annualized Returns for Period ending 6/30/00

COUNTY	ACTIVE PARTICIPANTS	FUND BALANCE (market value)	1 YR RATE OF RETURN	3 YR RATE OF RETURN	5 YR RATE OF RETURN
Los Angeles	88,420	$30.3 billion	15.2%	14.6%	15.7%
Orange	20,357	$4.8 billion	11.85%	12.70%	14.46%
San Diego	16,910	$3.7 billion	15.75%	14.59%	16.02%
San Bernardino	15,529	$3.6 billion	9.74%	12.70%	14.12%
Sacramento	10,547	$3.3 billion	9.54%	13.19%	15.41%
Alameda	9,859	$3.8 billion	10.88%	13.10%	15.36%
Contra Costa	8,475	$2.5 billion	6.6%	13.0%	15.7%
Kern	6,853	$1.4 billion	9.43%	11.4%	13.62%
Ventura	6,840	$2.1 billion	7.2%	12.9%	14.8%
Fresno	5,899	$1.3 billion	8.4%	11.8%	14.0%
San Joaquin	4,835	$1.3 billion	7.93%	10.17%	13.71%
Santa Barbara	4,500	$1.2 billion	6.7%	12.1%	14.5%
San Mateo	4,400	$1.2 billion	6.8%	10.5%	15.3%
Stanislaus	4,281	$900 million	6.58%	10.86%	13.49%
Sonoma	4,236	$928 million	8.78%	12.92%	15.81%
Marin	2,885	$955 million	10.7%	12.7%	15.2%