Monday, October 27, 2014
CalSTRS Report Could Spark Same Issue for UC Pension
It’s even possible that with new power granted by the legislation the California State Teachers Retirement System board could, in three to seven years, add another rate increase for the state and school districts to get full funding back on track. The new forecast from eight consultants and five asset managers also casts a shadow on the 7.5 percent earnings assumptions of the California Public Employees Retirement System and the UC Retirement Plan...
Full story at http://calpensions.com/2014/10/27/experts-tell-calstrs-earnings-may-fall-short/