http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/22/BUEC13MFGT.DTL&feed=rss.business CalPERS may increase employers' contributions
Associated Press
Thursday, October 23, 2008
The nation's largest public pension fund, the California Public Employees' Retirement System, said Wednesday that employer contributions may increase beginning in July 2010 if the fund's investments sustain their current losses of about 20 percent.
CalPERS said in a statement that employer rates may increase between 2 and 4 percent, starting July 1, 2010, for state and schools and July 1, 2011, for public agency employers, if the value of the fund's assets fall by 20 percent or more.
To: TigerLikesRooster; PAR35; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; ...
2 posted on
10/23/2008 5:48:04 AM PDT by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
I wonder how much exposure CalPERS had in commodity index funds.
3 posted on
10/23/2008 5:50:08 AM PDT by
dirtboy
To: TigerLikesRooster
Get OUT of California - Get out NOW!
5 posted on
10/23/2008 5:52:35 AM PDT by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: TigerLikesRooster
6 posted on
10/23/2008 6:00:10 AM PDT by
OB1kNOb
("I guarantee you itÂ’s (a testing of America) gonna happen." - "Plugs" Biden regarding Obama)
To: TigerLikesRooster
Harvard endowment got hit real hard....so I’m hoping
7 posted on
10/23/2008 6:07:58 AM PDT by
dennisw
(Never bet on Islam! ::::: Never bet on a false prophet!)
To: TigerLikesRooster
Calpers’ drop in value is a pointer to how badly US state and corporate pension plans are faring in the financial turmoil. Have to wonder how much CALPERS lost on oil futures when the started playing the speculation game?
23 posted on
10/27/2008 12:30:01 PM PDT by
Ditto
(Global Warming: The 21st Century's Snake Oil)
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