CalPERS defends investment plan
By Dale Kasler, Sacramento Bee
CalPERS pushed back against Gov. Jerry Brown on Friday, defending an investment strategy the governor had labeled “irresponsible.”
Rob Feckner, CalPERS’ board president, issued a statement saying Brown’s alternative plan “would have caused financial strain on many of California’s local municipalities who are still recovering from the financial crisis.”
After more than a year of studying the issue, the board of the California Public Employees’ Retirement System approved a plan this week that’s designed to gradually reduce its investment risk – and its expected returns as well. The plan is expected to reduce the CalPERS “discount rate,” a forecast of annual returns, to 6.5 percent in 21 years. The rate is currently 7.5 percent.
CalPers defends investment plan
in further news it’s snowing at the north pole.
hey dan: religions (cults) are subsidized (unfortunately in no small part by us secularists) in this country to the tune of $71 billion a year. i don’t wanna pay your way anymore…further, both poles are essentially deserts: it doesn’t snow that much…now, about evolution, not your ridiculous hamm evolution: but why get your facts straight if the con game works?
One person doesn’t want to pay taxes for defense spending another doesn’t want tax dollars going to education another doesn’t want to subdifize religion or the mortgage deduction. One persons tax break is another’s burden. Until we go to a flat tax with no deductions it is what it is.
There is a difference between a subsidy and a tax exemption. Speaking of getting facts straight. . .
Rather than enviously suggesting that churches should pay more, maybe we should all pay less, and government cut back. WAY back.
How is that second to last sentence related to facts?
You need to try the ctrl+w trick. It automatically checks your comment for logic, and prevents it from existing if it fails.
FF…”I don’t wanna….not your ridiculous….”
nice comment