CalPERS Bad Year - New York News

Saving The California Dream series

CalPERS Bad Year

Posted: Updated:

The California Public Employees' Retirement System, known as CalPERS, reported a lousy one percent return on its investments for the latest fiscal year.

Although the expected return was 7.5 percent, a CalPERS spokesman tells our "Saving the California Dream" producer Heidi Cuda a tough market is to blame and that last year the return was 20.7 percent.

H.D. Palmer in the Department of Finance says there will be no immediate impact on the state's budget, pension reformer Aaron McLear says taxpayers could be on the hook for the shortfall.

FOX 11 News and Studio 11 L.A. special: 'Saving the California Dream'... a comprehensive look at the state of our state with series producer Heidi Cuda.

Watch the 'Saving The California Dream' Video Report

  • Local NewsLocal NewsMore>>

  • Report: health risks at some nail salons

    Report: health risks at some nail salons

    Monday, September 15 2014 10:28 PM EDT2014-09-16 02:28:27 GMT
    One of the most surprising findings in a report from the New York City public advocate is that city officials have virtually no authority over how nail salons are run. The city can't enforce standards like they do with restaurants, so it's clearly a case of beauty buyer beware. We get our nails done without thinking too much about it.
    One of the most surprising findings in a report from the New York City public advocate is that city officials have virtually no authority over how nail salons are run. The city can't enforce standards like they do with restaurants, so it's clearly a case of beauty buyer beware. We get our nails done without thinking too much about it.
  • Car strikes toddler; driver arrested

    Car strikes toddler; driver arrested

    Monday, September 15 2014 10:15 PM EDT2014-09-16 02:15:49 GMT
    Police on Long Island say a 30-year-old driver has been arrested in connection with an accident that injured a 3-year-old girl being pushed in a stroller. Police say Scott Shea of Middle Island was driving a Jeep northbound on William Floyd Parkway, just south of Montauk Highway, when he struck the toddler at about 3:45 p.m. Monday.
    Police on Long Island say a 30-year-old driver has been arrested in connection with an accident that injured a 3-year-old girl being pushed in a stroller. Police say Scott Shea of Middle Island was driving a Jeep northbound on William Floyd Parkway, just south of Montauk Highway, when he struck the toddler at about 3:45 p.m. Monday.
  • Lawsuit settlements reached in Metro-North crash

    Lawsuit settlements reached in Metro-North crash

    Monday, September 15 2014 8:39 PM EDT2014-09-16 00:39:39 GMT
    Four of 28 people who sued the Metro-North Railroad in federal court after being injured in a Bridgeport train crash last year have settled with the commuter railroad.
    Four of 28 people who sued the Metro-North Railroad in federal court after being injured in a train crash in Connecticut last year have settled with the commuter railroad.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices