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The Pension Fund That Ate California | City Journal
https://www.city-journal.org/html/pension-fund-ate-california...
from the magazine The Pension Fund That Ate California CalPERS’s corruption, insider dealing, and politicized investments have overwhelmed taxpayers with debt.
CalPERS Admits 52% Underfunding on State Employee Pensions ...
www.breitbart.com/california/2014/04/18/calpers-admits-52-under...
The California Public Employees Retirement System (CalPERS) just admitted that the state-managed pension plan, that provides retirement for the state and almost 1,600 local government agencies, is 52% underfunded and will be forced to jack up taxpayer-funded contribution rates by about $1.518 billion.
How Whittier will deal with $1.8 million budget deficit ...
https://www.whittierdailynews.com/2018/05/06/how-whittier-will...
“The whole deficit is related to CalPERS,” said Rod Hill, director of administrative services. referring to the California Public Employee Retirement System, ...
CalPERS - Wikipedia
https://en.wikipedia.org/wiki/CalPERS
The California Public Employees' Retirement System (CalPERS) ... The causes of the deficit predicted as of 2007 were less investment income than expected, ...
The 2018-19 Budget: Repaying the CalPERS Borrowing Plan
lao.ca.gov/reports/2018/3797/Repaying-CalPERS-Borrowing-040418.pdf
some funds have structural deficits, ... the CalPERS pension system. CalPERS pensions are funded from three sources: investment gains, employer contributions, ...
Borenstein: On pension debt, CalPERS does right — sort of
https://www.mercurynews.com/2018/02/20/borenstein-on-pension-debt...
Borenstein: On pension debt, CalPERS does the right thing — sort of But the nation’s largest pension system remains woefully unprepared for the next major recession.
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