Pension costs for state and local government will begin to rise in 2017 after CalPERS officials voted to throttle back the expectations on profits earned from its $299 billion portfolio.
By John Myers
Dec. 21, 2016
In the four years since California’s largest pension fund recalibrated its investment projections, the annual contribution from state and local governments — in effect, the money paid by taxpayers — has slowly been on the rise.
Comments Off on Los Angeles Times: How state and local government budgets will be affected by CalPERS’ trimmed investment expectations
Filed under: Budget, CalPERS, Cities, Counties, Finance, In the News, Local Government, Pension Funds, Pensions, State of California
