State Issues

August 8, 2012

Viewpoints: Media is wrongly hyping pensions as a cause of city bankruptcies

If there is one thing I have learned in my time on the CalPERS board it's this – a little perspective goes a long way. This is especially true when it comes to the news coverage of CalPERS' recently announced investment returns for last fiscal year and the criticism of pensions in municipal bankruptcies. Let me offer a little perspective.

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