Dan Walters: Pension problems persist for California cities – U-T San Diego

Dan Walters: Pension problems persist for California cities
U-T San Diego
But CalPERS’ assurances turned to dust when its relatively risky real estate and equity investments turned sour, costing tens of billions of dollars. Finally, as CalPERS’ … Bankrupt Stockton’s largest debt is a pension bond. Some cities have …