Posts tagged Public Employees’ Retirement System of Nevada

    Op-ed / Commentary ● Labor

    Commentary: CalPERS takes unnecessary risks that could cost taxpayers

    February 3, 2025 // When CalPERS fails to meet its expected investment returns, California’s state and local governments—meaning taxpayers—are solely responsible for covering the resulting shortfall. Public pension liabilities are legally binding. There is no defaulting on them. Consequently, when public pension system investments underperform, government employers—again, taxpayers—must cover the gap.

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