California’s state and local pension plans have over $265 billion in debt

California’s state and local pension plans have over $265 billion in debt

California’s public pension plans are taking on more risk than other pension systems while generating relatively poor investment return results, a new Reason Foundation report finds. The California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) are the nation’s two largest government-run pension funds, overseeing $558 billion and $382 billion in assets, respectively. As it stands, Califor…

California’s state and local pension plans have over $265 billion in debt

California’s public pension plans are taking on more risk than other pension systems while generating relatively poor investment return results, a new Reason Foundation report finds. The California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) are the nation’s two largest government-run pension funds, overseeing $558 billion and $382 billion in assets, respectively. As it stands, Califor…

California’s state and local pension plans have over $265 billion in debt

California’s public pension plans are taking on more risk than other pension systems while generating relatively poor investment return results, a new Reason Foundation report finds. The California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) are the nation’s two largest government-run pension funds, overseeing $558 billion and $382 billion in assets, respectively. As it stands, Califor…

California’s state and local pension plans have over $265 billion in debt

California’s public pension plans are taking on more risk than other pension systems while generating relatively poor investment return results, a new Reason Foundation report finds. The California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) are the nation’s two largest government-run pension funds, overseeing $558 billion and $382 billion in assets, respectively. As it stands, Califor…

California’s state and local pension plans have over $265 billion in debt

California’s public pension plans are taking on more risk than other pension systems while generating relatively poor investment return results, a new Reason Foundation report finds. The California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) are the nation’s two largest government-run pension funds, overseeing $558 billion and $382 billion in assets, respectively. As it stands, Califor…