Calpers in Trouble
The California Public Employees’ Retirement System, the largest in the nation, has $180 billion in assets.
Calpers, lost nearly $60 billion in the financial markets last year.
The 23 percent loss, the worst in Calpers history, leaves it 66 percent funded, the lowest level in two decades...
meaning it has only $66 on hand for every $100 in benefits promised to 1.6 million California public employees and their families.
Calpers, lost nearly $60 billion in the financial markets last year.
The 23 percent loss, the worst in Calpers history, leaves it 66 percent funded, the lowest level in two decades...
meaning it has only $66 on hand for every $100 in benefits promised to 1.6 million California public employees and their families.
Comments