Pension Critics' Doom and Gloom Assumptions Put Schools At Risk

The critics of public pensions have tried to inflate the supposed pension crisis by assuming incredibly low return rates for CalPERS investments. But a respected independent expert who co-authored a book on California government dysfunction says these assumptions have no grounding in history, and, if implemented, could cost the next generation.

Auth...

The critics of public pensions have tried to inflate the supposed pension crisis by assuming incredibly low return rates for CalPERS investments. But a respected independent expert who co-authored a book on California government dysfunction says these assumptions have no grounding in history, and, if implemented, could cost the next generation.

Authors:

Read more...