Two prominent California newspapers recently published incorrect and potentially damaging assertions about California's State Compensation Insurance Fund (SCIF). They have since published corrections of those errors.
On January 22, 2004 the Sacramento Bee issued its correction:
"A story on Monday's Business page D1 incorrectly reported that the State Compensation Insurance Fund is short $12.7 billion in reserve funds. The figure represents the amount for the state workers' compensation industry, not the state (fund). A spokesman for the state fund said it is not short of reserves. It is The ...
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