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CalPERS Sees Unfunded Liabilities Rise $27 Billion
Pensions & Investments 
Dec. 6, 2017 "CalPERS' unfunded liability grew $27.3 billion to $138.6 billion in the fiscal year ended June 30, 2016 ... The data lags a year, marking the end of a 12-month period in which the $344.4 billion system had a 0.61% investment return compared to the 11.2% return for the fiscal year ended June 30, 2017. CalPERS officials have estimated the system is 68% funded as of June 30, a drop from 68.3% a year earlier and 73.1% at the end of the 2015 fiscal year." MORE >> |
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