The nation’s largest public pension fund, the California Public Employees’ Retirement System (CalPERS), is severely underfunded. With more than $300 billion in assets, CalPERS future liability exceeds those assets by more than $100 billion. How did things get so bad? A number of factors have contributed to CalPERS’s relatively recent and precipitous decline…
San Diego Unified Adopts $1.1B Budget
June 27, 2024
