The California Public Employees’ Retirement System (CalPERS) for state employees lost 71 percent of a $468 million private equity investment into clean energy.
Because CalPERS pension benefits are only 79 percent funded, the California taxpayer and state government have to make up for the other 21 percent. With a high pension shortfall of $180 billion, CalPERS’ investment strategies into private equity have come under scrutiny, per The Center Square:
CalPERS committed $465 million to th
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