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Archive for August 3rd, 2016

The Truth About the Pension Crisis

Wednesday August 3rd, 2016   •   Posted by K. Lloyd Billingsley at 8:40am PDT   •   0 Comments

Rob Feckner, president of the CalPERS board of administration, has heard stories that all is not well with the massive pension fund, with assets of more than $301 billion. “Nothing could be further from the truth,” writes Feckner in the Sacramento Bee. “Let me tell you why.” Investment returns for fiscal year July 1,…
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