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CalSTRS makes early move on coal divestment

CalSTRS makes early move on coal divestment

The CalSTRS board directed its staff and consultants last week to evaluate the risk of investments in thermal coal companies, look jumping ahead of pending legislation that would require CalSTRS and CalPERS to divest thermal coal holdings. Republished with permission from: CalPensions.com Senate President Pro Tempore Kevin De Leon, D-Los Angeles, has a bill that […]

Legislature Wakes Up to Pension Problem

Legislature Wakes Up to Pension Problem

. By Jon Coupal Is it possible that the California Legislature is finally coming to grips with the public employee pension crisis? We certainly hope so. For years, our political leadership has behaved more like ostriches with their heads buried in the sand regarding the many billions of dollars of “unfunded liabilities” in California’s pension […]