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.
-
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo tell ... -
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...