Why Investment Realities Will Compel Pension Reform in California
Wednesday, January 13th, 2016“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 By Ed Ring | There are few examples of a seemingly innocuous statement with more significance than Stausboll’s admission, buried within her […]