Public pensions and unions don’t want government employees switched to 401(k) plans. In a move toward equity, a public pension coalition push to improve retirement for everyone helped create new state-run automatic-IRA plans for private-sector workers like CalSavers. Former Gov. Arnold Schwarzen...
The following comes from the Los Angeles Times about CalPERS, the nation’s largest public pension plan: The California Public Employees’ Retirement System said its fund returned just 2.4% on its investments for the year ended June 30, a huge miss from its 7.5% investment target and a worri...
Wojcik, Joanne