More Pension Math

The real reason CalPERS hasn’t recovered. Many legislators don’t understand why massive gains in the stock market have barely improved the Funded Ratio of California’s principal pension fund, CalPERS. The answer is simple: massive growth in liabilities. See for yourself.…

Jerry Brown Steps Up For Citizens

But CalPERS lets down local government employees. California Governor Jerry Brown has filed a legal brief with the state’s Supreme Court arguing that pensions for government employees should work no differently than pensions for non-government employees. Students, citizens, taxpayers and…