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CalPERS Funding Level Slips Down to 72 Percent

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CalPERS Funding Level Slips Down to 72 Percent
A view of California Public Employees' Retirement System (CalPERS) headquarters in Sacramento, Calif., on Feb. 14, 2017. Max Whittaker/Reuters
John Seiler
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Commentary

Markets go up—then down. The California Public Employees Retirement System (CalPERS) just learned that lesson the hard way.

John Seiler
John Seiler
Author
John Seiler is a veteran California opinion writer. Mr. Seiler has written editorials for The Orange County Register for almost 30 years. He is a U.S. Army veteran and former press secretary for California state Sen. John Moorlach. He blogs at JohnSeiler.Substack.com and his email is [email protected]
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