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.
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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... -
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
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