Despite the awesome bull market this year, CalPERS again missed its return target, earning only 5.8% vs. its required 6.8%.
CalPERS has missed its return targets for the trailing 1-, 3-, 5-, 15-, and 20-year periods.
When CalPERS fails to make its' required returns, California taxpayers are liable for making up the difference for California's uber-generous public pensions.
8.04.2023
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