Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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From: ldo79	4/25/2008 3:46:18 PM
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here's a little parting shot the bulls can contemplate until the good news surfaces........... 25 April 2008 CalPERS: CEO and CIO Resign Unexpectedly The CIO resigned yesterday and the CEO just stepped down this afternoon according to Bloomberg Television. The California Public Employees' Retirement System (CalPERS) provides pension fund, healthcare and other retirement services for approximately 1.5 million California public employees. As of October 2007, it owns $254.8 billion worth of stock, bonds, funds, private equity and real estate. It is the largest pension fund in the United States. CalPERS provides benefits to all state government employees and, by contract, to local agency and school employees. Many California counties and large cities have their own retirement system. California teachers are covered under CalSTRS (California State Teacher Retirement System), with funds in excess of $179.6 billion.

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