CALPERS vs. Stocks and Real Estate

Is anyone thinking about what will happen to CALPERS underfunded pensions if the Stock Market plunges as many experts are warning? Stock analyst’s are predicting anywhere from a 15-50% slide in prices. On top of that, commercial real estate continues to worsen and all those CMBS’s held by CALPERS are losing value. How much will the short fall be? What will the fallout be to the State of California, as a whole?

It is truly sad that our elected officials are completely oblivious to these questions.


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