Posts Tagged: alarmist

Amid roiled market, public pension funds’ declines not unexpected

A view across the river of the CalSTRS headquarters in West Sacramento. (Photo: ImageAllan, via Shutterstock)

by TED TOPPIN posted 07.22.2022

OPINION: Here’s the best advice: To the more than 3 million retirees, teachers, firefighters, nurses, police officers and other state and local government employees who rely on the state’s two largest pension funds: Do not be alarmed. To the critics who periodically predict – always following downward swings in the stock market – that the pension funds will someday not be able to meet their obligations: Do not be alarmist.

OPINION: It’s the end of August and, like the rest of California, Sacramento is seeing temperatures rise. But over at the Capitol, legislators are sitting in the middle of a blizzard of alarmist rhetoric from the chemical industry about legislation to disclose the use of toxic flame retardants on furniture.