CalPERS Cuts Off Nose to Spite Pensioners in Bid to be PC

Managers of the California Public Employees Retirement System (CalPERS) are investing in solar projects to be PC, against the interests of its pensioners.

What would you say is the main responsibility of a pension fund? If you came up with the intuitive “to pay out pensions,” you’re right. Unfortunately, too many pension fund managers seem to treat their role as a soapbox for advocating their personal beliefs using other people’s money. And “Point of No Returns,” a report released this week by the American Council for Capital Formation (ACCF), found that California pensioners and taxpayers will be paying the price for this investment activism.

Read more:

Views: 1


You need to be a member of to add comments!


Local Groups

Blog Posts

FERC to Constitution Pipeline: A Year Means A Year, You Shoulda Fought

Posted by Thomas J Shepstone on July 20, 2018 at 8:31am 0 Comments

Sadly, FERC has once again refused to help Constitution Pipeline avoid the consequences of letting itself to be double-crossed by Gov. Andrew Corruptocrat.

FERC, in a decision released yesterday, has denied…


© 2018   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service