CalPERS Sees Sharp Drop in Portfolio as Market Falls
Since its peak in October 2007, CalPERS' portfolio has lost more than 30% of its value. CalPERS could ask state and local employers to raise their contributions to the pension fund if the declines continue. CalPERS purchases health care benefits for about 1.6 million California workers, retirees and their families.
"State Public Worker Pension Fund Takes Big Hit" (Said, San Francisco Chronicle, 12/8).
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