Opinion
Forget naysayers: Public pension funds doing fine
A photo illustration of putting money aside as the clock ticks. (Image: Cozine, via Shutterstock)OPINION: Another round of alarmist commentary is being spread by those who begrudge a secure retirement for those who teach in our classrooms or heroically labor on the front lines of wildfires. Amidst their negativity Californians may have missed a bit of positive news last month. The state’s two largest pension funds reported end-of-year investment returns that again exceeded their assumed average annual rate of return.
