Relevant:
- The New Economic Collapse Video: Straight Talk From David Stockman
- Changes needed as state, locals pay more $100,000 pensions
- Calpers Earns 0.6% as Long-Term Returns Trail Fund's Target (FED LOVE FAILS TO SPREAD AROUND WELL?!)
- Calpers, other pension funds pull back from hedge funds
- Despite strong returns, California pension funds' fiscal hole got deeper
2016-07-22 — valuewalk.com
``According to a 2014 article written by David Stockman and posted on his blog, the former Director of the Office of Management and Budget under President Reagan says eighty-five percent of pensions will fail if their returns average just four percent. CalPERS is reaping less than one.''
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