California Pension Funds Close To Bankruptcy
By Kevin Martinez
The two largest pension funds in California, the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS), have lost billions of dollars in value. Hundreds of thousands of retiring state employees and teachers now face the stark choice of accepting much reduced pension checks or working past their retirement age.
http://www.informationclearinghouse.info/article21875.htm
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=retirement
http://freepage.twoday.net/search?q=Kevin+Martinez
The two largest pension funds in California, the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS), have lost billions of dollars in value. Hundreds of thousands of retiring state employees and teachers now face the stark choice of accepting much reduced pension checks or working past their retirement age.
http://www.informationclearinghouse.info/article21875.htm
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=retirement
http://freepage.twoday.net/search?q=Kevin+Martinez
rudkla - 1. Feb, 00:28
