Jul 26 2016

The largest pension fund in the country CalPERs continues to underperform: Weakest return since 2008-09 financial crisis.

The two largest public pensions in the U.S. are Calstrs and Calpers and collectively they oversea $484 billion for public workers in California.  Pensions have a hard time surviving in a low return world.  For example, these pensions seek out a 7.5% annual return which is simply unrealistic to do in a market that is […]

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Apr 10 2010

The $2.3 Trillion State and Local Government Debt Monster – California Pension Systems on Unsupportable Path with $500 Billion Projected Shortfall. CalPERS, CalSTRS, and UCRS.

Much of the focus on government debt over the past few years has revolved around the federal government.  No doubt, this is a stunningly large amount.  Yet the government has the ability to finance this debt through the U.S. Treasury and Federal Reserve with a buffet of choices.  You have direct bailouts to Wall Street, […]


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