CalPERS Fail

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.

Nailed it

Twitter (X) : To be fair, though, I thought they'd come up with someone more appealing than Cackles Harris.