Here's an interesting long-form writeup on how CalPERS mismanagement contributed to this situation: https://www.city-journal.org/html/pension-fund-ate-californ

Here's an interesting long-form writeup on how CalPERS mismanagement contributed to this situation: https://www.city-journal.org/html/pension-fund-ate-california-13528.html https://www.city-journal.org/html/pension-fund-ate-californi...