Labor & Economic News Blog
Monday, July 13, 2015
CalPERS misses its target return by a wide margin
CalPERS misses its target return by a wide margin
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 worrisome result for California taxpayers who must make up for any shortfalls in funding pensions.
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