Tag: Retirement

The State of Pensions – And the States That Have Penchants for Them

CalPERS recently reported earnings for the fiscal year ending June 30th, 2016. The results were disappointing, failing to reach their return goal of 7.5% for the second year in a row. The giant pension fund now only has only 68 cents on hand for every dollar in long-term obligations. They are not alone; many public pension funds are facing similar problems.