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Giant California Teachers Pension, Calstrs, Posts Worst Result Since 2008 Crisis
In a sign of the low returns in the past year for pension funds, the 896,000 California teacher retirement pension fund CALSTRS, shows returns for year ending June 30, 2016, at 1.3%. Half of the holdings of CALSTRS are in U.S. and global stocks with returns of negative 2.3%. Real estate provided return of 11% but overall the returns were low. Over 10 years the returns of CALSTRS are now at 5.6%. The California Public Employees Retirement System (CALPERS), says its returns on its investments were 0.6% for the past year. With large retirement obligations pension funds in the U.S. face real challenges in this low return environment. Private equity investments of CALSTRS had returns of 2.9%, also lagging behind.
Orange County Employees Retirement System and CALPERS. Contrasting approaches and results.
10/16/2009
Steve Delancey and the small pension fund that runs OCERS feel vindicated with only 8% losses compared to 21% for CALPERS even as the DJ averages passed 10,000 in October 2009.
Grouped Articles
Calpers Pulls Back From Hedge Funds
Wall Street Journal 07/24/2014
Calpers, Nation's Biggest Pension Fund, To End Hedge Fund Investments
New York Times 09/15/2014
Orange County Dodged Bullet by Avoiding Calpers
Wall Street Journal 10/16/2009
Calpers Weighs Booting BlackRock
Wall Street Journal 11/25/2009
New York Times 04/27/2012
Calpers Misses Big on Investment Target
Wall Street Journal 07/17/2012
The pension overhaul in California under Governor Brown
01/05/2011
Grouped Articles
California’s New Problem: Too Much Money
New York Times 05/25/2013
Brown Set for Victory in California Budget Fight
Wall Street Journal 06/12/2013
Brown Cheered in Second Act, at Least So Far
New York Times 08/16/2013
Jerry Brown is spending more on ballot measures than on his own campaign - The Washington Post
Washington Post 10/24/2014
Deal Reached to Overhaul California Pensions
Wall Street Journal 08/28/2012
Recession-bruised states' revenue sank 30 percent in 2009, Census Bureau reports
Washington Post 01/05/2011
California's underfunded pension system
04/10/2013
Grouped Articles
Andy Kessler: The Pension Rate-of-Return Fantasy
Wall Street Journal 04/10/2013
Giant California Teachers Pension, Calstrs, Posts Worst Result Since 2008 Crisis
WSJ 07/19/2016
Grossly underfunded state pension funds in the U.S.
08/27/2010
Grouped Articles
Pension Pinch Busts City Budgets
Wall Street Journal 10/30/2013
Illinois Pension Fix Faces Political Test
Wall Street Journal 12/01/2013
Illinois Legislature Approves Retiree Benefit Cuts in Troubled Pension System
New York Times 12/03/2013
Public Pensions and Our Fiscal Future
Wall Street Journal 08/27/2010
Illinois Supreme Court Rejects Lawmakers’ Pension Overhaul
New York Times 05/08/2015
Public Pension Funds Roll Back Return Targets
Wall Street Journal 09/05/2015
U.S. private sector pension funds investment in hedge funds- returns lagging the S&P 500 for 2011-2015
06/17/2015
Grouped Articles
Wall Street Journal 06/17/2015
Citadel’s Ken Griffin Leaves 2008 Tumble Far Behind
Wall Street Journal 08/04/2015
Public Pension Funds Roll Back Return Targets
Wall Street Journal 09/05/2015
Strong Market, Weak Returns—Why?
Wall Street Journal 12/18/2015
Battered, Apologetic and Still Pitching Their Hedge Funds
New York Times 12/15/2015
Hedge Funds Struggle With Steep Losses and High Expectations
New York Times 12/28/2015
California pension and benefits costs
08/27/2010
Grouped Articles
Public Pensions and Our Fiscal Future
Wall Street Journal 08/27/2010
Giant California Teachers Pension, Calstrs, Posts Worst Result Since 2008 Crisis
WSJ 07/19/2016
How U.S. states overstate the extent to which pensions are funded.
10/16/2010
Using a discount rate of 4% (for government borrowing costs) would correctly show the extent to which pensions are funded in Illinois, than the rate currently used rate of 8%. Using Illinois methods Dutch plans would be 200% funded says an expert in Holland. With lower savings of American workers as they approach retirement adequately funded pension systems are critical to the safety net.
Grouped Articles
Pension Pinch Busts City Budgets
Wall Street Journal 10/30/2013
Illinois Pension Fix Faces Political Test
Wall Street Journal 12/01/2013
Illinois Legislature Approves Retiree Benefit Cuts in Troubled Pension System
New York Times 12/03/2013
American states' pension funds: A gold-plated burden
Economist 10/16/2010
Wall Street Journal 03/05/2012
Chicago Mayor Seeks Alterations to Repair Badly Underfunded Pension Plan
New York Times 04/01/2014
The Pension and Benefits Debate in American society
08/27/2010
With 12.5% of U.S. workers being state and local government workers, there is someone, a neighbor, a friend, who works for state and local government. The lunch or dinner conversations often wander into the issues about benefits and pensions in the private and government workplaces.
Grouped Articles
Public Pensions and Our Fiscal Future
Wall Street Journal 08/27/2010
American states' pension funds: A gold-plated burden
Economist 10/16/2010
Pension Issues Spice Dinner Debates
Wall Street Journal 02/18/2011
Wall Street Journal 06/16/2011
Beware the Registered Investment Adviser
BusinessWeek 10/27/2011
Wall Street Journal 04/22/2012
Public Pensions funding and investments in the U.S. in 2014-2016
06/01/2015
Public pension funds in the U.S. have over 70% invested in stocks, and expect returns of close to 8% or higher, even though experts say a return of 5.9% is what can be expected for a portfolio of 70% stocks, 30% bonds for the next 10 years. Most public pension funds do not see the required contributions made each year, building up problems for the future.
Grouped Articles
The Public Pension Funding Trap
Wall Street Journal 06/01/2015
Public Pension Funds Roll Back Return Targets
Wall Street Journal 09/05/2015
Giant California Teachers Pension, Calstrs, Posts Worst Result Since 2008 Crisis
WSJ 07/19/2016
California pension fund Calpers performance
07/17/2012
Grouped Articles
Calpers Pulls Back From Hedge Funds
Wall Street Journal 07/24/2014
Calpers Rethinks Its Risky Investments
Wall Street Journal 08/11/2014
Calpers, Nation's Biggest Pension Fund, To End Hedge Fund Investments
New York Times 09/15/2014
Calpers Misses Big on Investment Target
Wall Street Journal 07/17/2012
Giant California Teachers Pension, Calstrs, Posts Worst Result Since 2008 Crisis
WSJ 07/19/2016
Rate of return assumptions for most U.S. public pension funds shift to <8% in 2015
09/05/2015
Grouped Articles
Public Pension Funds Roll Back Return Targets
Wall Street Journal 09/05/2015
Giant California Teachers Pension, Calstrs, Posts Worst Result Since 2008 Crisis
WSJ 07/19/2016
California pension fund Calpers strategies
07/24/2014
Grouped Articles
Calpers Pulls Back From Hedge Funds
Wall Street Journal 07/24/2014
Calpers Rethinks Its Risky Investments
Wall Street Journal 08/11/2014
Calpers, Nation's Biggest Pension Fund, To End Hedge Fund Investments
New York Times 09/15/2014
Giant California Teachers Pension, Calstrs, Posts Worst Result Since 2008 Crisis
WSJ 07/19/2016
California pension fund management
07/24/2014
Grouped Articles
Calpers Pulls Back From Hedge Funds
Wall Street Journal 07/24/2014
Giant California Teachers Pension, Calstrs, Posts Worst Result Since 2008 Crisis
WSJ 07/19/2016
Large private equity fees paid by Calpers and other public pension funds
11/24/2015
Grouped Articles
Calpers’ Hidden Private-Equity Fees: $3.4 Billion
Wall Street Journal 11/24/2015
Calpers Paid $3.4 Billion to Private Equity Firms
New York Times 11/24/2015
Giant California Teachers Pension, Calstrs, Posts Worst Result Since 2008 Crisis
WSJ 07/19/2016
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