Calpers' 1 pct return is grim for pension savers

17 July 2012 | By Richard Beales

One miserable year won’t ruin the $233 bln California fund. And 20-year returns for Calpers and fellow Calstrs still meet 7.5 pct targets. But with today’s low interest rates it gets harder for funds to keep up. Future retirees everywhere need to put more away.

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