In our view, the most important variable Calpers needs to reveal,is: What is the maximum dollar value of Calpers assets required for the fund to be 100% funded(no smoothing,assets valued at market)? Without that number,it is impossible to determine Calpers true financial condition. Pacific Grove Taxpayers Ass’n,by John M. Moore,pres.
In our view, the most important variable Calpers needs to reveal,is: What is the maximum dollar value of Calpers assets required for the fund to be 100% funded(no smoothing,assets valued at market)? Without that number,it is impossible to determine Calpers true financial condition. Pacific Grove Taxpayers Ass’n,by John M. Moore,pres.