State and local agencies throughout California are bracing for higher pension bills after the state's public employees system reported a dismal 1 percent return on investments for fiscal 2011-12 — far below its goal of 7.5 percent. The lackluster...
By TONY SAAVEDRA, Orange County Register: Politics
Mon, 07/16/2012 - 4:16pm
State and local agencies throughout California are bracing for higher pension bills after the state's public employees system reported a dismal 1 percent return on investments for fiscal 2011-12 — far below its goal of 7.5 percent. The lackluster...