CalPERS Pension Promises: Myth, Reality, What’s Next?

by Mike ‘Mish’ Shedlock
Mish Talk

On July 13, the Fresno Bee reported California’s big pension fund sees flat earnings for a second year.

CalPERS still maintains that its long-term track record of 7.5% returns is intact. Is it?

Reader W.C Varones sorts it out in his article CalPERS Deliberately Deceives Public by Cherry-Picking Dates.

Cherry-Picking Dates by W.C Varones

You probably know that CalPERS recently reported yet another year of investment results that fell far short of its absurd promises.

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