http://www.hjta.org/taxonomy/term/99%2C99 The taxonomy view with a depth of 0. en http://www.hjta.org/california-commentary/no-one-laughing-now <p>According to Bloomberg News, the California Public Employees Retirement System (CalPERS) has lost almost $67 billion in 12 months, more than 25 percent of its value, as stock and bond markets tumbled. The California State Teachers' Retirement System (CalSTRS) has also lost 25 percent of its value. This is not good news for taxpayers, who are already on the hook for several hundred billion dollars in unfunded liability for public employee pensions and retiree health care plans. <span class='read-more'><a href="http://www.hjta.org/california-commentary/no-one-laughing-now" target="_blank"><strong>&nbsp;Read&nbsp;more&nbsp;>></strong></a></span></p> California Commentary California State Sun, 19 Oct 2008 20:43:05 -0700 gforster 131 at http://www.hjta.org