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Why Investment Realities Will Compel Pension Reform
Wednesday, January 13, 2016 20:02
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It’s Your Backyard Ventura County By Ed Ring . “For the first time in the pension fund’s history, we paid out more in retirement benefits than we took in contributions.” – Anne Stausboll, Chief Executive Officer, CalPERS, 2014-2015 Comprehensive Annual Financial Report There are few examples of a seemingly innocuous statement with more significance than Stausboll’s admission, buried within her “CEO’s Letter of […]
Tags: California, California Policy Center, Ed Ring, investment, Pensions, Public Sector, Union Watch
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