Archive for December 22nd, 2016

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.

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By Martin Wisckol, The Orange County Register
Posted: 12/21/16, 9:43 PM PST |

They are billionaires and generals.

Seven of the 23 named so far have no government experience. At least six oppose key policies of the agencies they’ve been nominated to run.

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