California should copy New Jersey’s union fund takeover, but with one caveat

■ By Steven Greenhut / Contributed New Jersey’s police and fire unions have demanded that the state give them control over their own pension destiny, and have convinced the Legislature to transfer management of their pension fund to a union-controlled board of trustees. Some Garden State residents have denounced the plan as the equivalent of giving unions a “blank check,” given that taxpayers have to pay for all of the trustees’ decisions. But the bill, which is now on the governor’s desk, offers a brilliant solution for New Jersey and even California – provided it’s amended in one simple way. Yes, unions should be free to control their own destiny. Their

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