Opinion
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)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.