Wednesday, March 14, 2012

California pension funds

  • By JUDY LIN Associated Press SACRAMENTO, Calif.
  • (msnbc.com)
  • SACRAMENTO, Calif.
  • (Huffington Post)
  • Shift 2,377 miles westward from the U.S. Capitol to the California Capitol and its a much different story. Californias big public pension funds also use discount rates, but they are in the 7.5 to 8 percent range.
  • (North County Times)
  • The California Public Employees' Retirement System, the largest U.S. public pension, voted to lower its assumed rate of return for the first time since the recession dragged down stock and real-estate prices. The $235.
  • (Bloomberg)
  • The California State Teachers' Retirement System, the second-largest U.S. public pension fund, opposed Walt Disney Co. (DIS)'s executive-pay plan and the decision to combine the roles of chairman and chief executive officer.
  • (Bloomberg)
  • SACRAMENTO, Calif.
  • (San Jose Mercury News)
  • It looks like the nation's largest public pension fund will follow the example set by Rhode Island, the L.A.
  • (WPRI)

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