
CalPERS Board Candidate Thinks Making Money Is Wrong Priority
[Cross-posted from RedCounty.com]
The California Public Employees’ Retirement System (CalPERS) is the largest public pension fund in the United States. It manages $190 billion in assets, and it’s chief actuary stated in August that it pension costs are "unsustainable."
So, when someone calls for a "sustainable" CalPERS, you’d think they were calling for reining in the state’s swollen public pension benefit system.
Well, that would all depend on what you mean by "sustainable." Muriel Strand, a candidate for one of two member-at-large spots on the… Read More