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 […]

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