|Voting on Local|
|Local Ballot Measures|
|February 28, 2014|
|Original Case study|
|San Jose & San Diego|
CalPERS lost $69 billion (more than a quarter of its value) in the 2008 housing and stock market crash.
In 2010, the fund was 63% funded.
CalPERS is governed by a 13-member board. Six of them are union members.
- California Proposition 162, the "Pension Protection Act" (1992)
- Pension liabilities in California
- California Pension Reform