Public Pensions’ Strong Performance Unlikely to Last

The two biggest public pension funds in the U.S. are performing better this year but the performance is not likely to last, according to an article in The Wall Street Journal. The funds—the California State Teacher’s Retirement System (Calstrs) and California Public Employee’s Retirement System (Calpers)—which together manage $575 billion for 2.8 million public workers and retirees–have both earned more than 8% for the second fiscal year in a row, the article reports, “thanks to… Read More