retirement funding Archives

Why the California pension system is in the crapper despite recent good results

Last updated on: November 7, 2019 by David Lewis Filed Under: Financial Planning, Retirement Planning Tagged With: contributing to a retirement plan, pension plans, planning for retirement, retirement contributions, retirement funding, retirement plans, retirement savings

Whelp… it looks like index funds didn’t save CalPERS. Back in 2014, the California pension systems (CalPERS and CalSTRS) yanked a bunch of money out of actively managed funds and shoved them into passive index funds. Yay passive investing. Uh. Wait. CalPERS and CalSTRS are still underfunded and still not making headway, aren’t they? Yes, they […]