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CalPERS Admits It Is Nowhere on Its New Private Scheme After More Than Two Years

CalPERS Admits It Is Nowhere on Its New Private Scheme After More Than Two Years

  . By Stephen Frank,  California Political News and Views CalPERS has over one trillion in unfunded liabilities.  Instead of a ROI of 7% as they advertised they would, it is UNDER 2%.  Then in an effort to kill off private pension systems—and to get more money into government control, the Legislature passed a bill to […]

California government retirement plans are more than 50% underfunded

California government retirement plans are more than 50% underfunded

. By David Schwartzman California is failing its employees and its citizens. Documents show that the state and local governments in California do not have enough money saved up to pay for the retirement of its current employees. The California Public Employees’ Retirement System (CalPERS) is facing future insolvency. These findings come from the 2015 CalPERS […]