CalPERS Paid Six-figure Bonuses Back In 2008-2009 As It’s Fund Lost Almost A Third Of Its Value In One Year. New Bonuses For 2011 Check In At $4.5 Million

| October 9, 2011

What a joke….Read my lips…There should be no bonuses until the losses are all made up.  Period. No exceptions. None. Capice! CalPERS, the California state  pension fund, which serves more than 1.6 million public employees, retirees and their families, estimated its unfunded liabilities at $38.6 billion on July 1, 2008, it’s bigger now!  CalPERS currently has […]

Pension Shortfall Widens Even With The S&P Rising

| November 25, 2010

Inquiring minds want to know….how do we ever close this gap! Corporate pensions in the Standard & Poor’s 500 Index with about $1 trillion in assets are now 77 percent funded this year, down from 82 percent at the end of 2009.  The $380 billion pension shortfall is the biggest since at least 1994, according to […]

Pension Problems Growing Larger By The Year

| September 17, 2010

The median expected investment return for more than 100 U.S. public pension plans surveyed by the National Association of State Retirement Administrators remains 8%, the same level as in 2001   “It’s unrealistic,”  according to John Bogle, founder of mutual fund giant Vanguard.  He says the return assumptions in place at most pension plans can’t be meet. […]

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