Examines California Public Employees Retirement System (CalPERS), the world's fourth largest pension fund. Dale Hanson, CEO of CalPERS, has a problem; how does he use CalPERS' influence as the holder of a small percentage of 1,300 Americ... JE Sailer,K Pick,JO Light,... 被引量: 4...
No spension, I advocate to freeze, or if not possible, to VERY (think 50+%) materially reduce the value of FUTURE service Public Sector pension accruals because they are right now 2 to 4 times (4 to 6 times for Safety workers) greater in value upon retirement than those granted comparab...
The rate increase would not begin to phase in until fiscal 2015-16 for the local governments in the giant California Public Employees Retirement System, 1,567 public agencies with 2,044 retirement plans. “Contributions that we need for the system really depend on the funded status of the plan...
Seeking higher returns would reverse a CalPERS shift in September last year to lower-yielding investments, reducing the risk of major losses in a downturn. Experts warn that if funding drops below 50 percent, recovery will be difficult if not impossible. After a lengthy review done very four y...