Tag: CALPERs
The economic turmoil in the early months of the pandemic – a plunging stock market and soaring unemployment – posed a real threat to state and local government pension funds and the workers who rely on them. One group was particularly vulnerable: public-sector workers who aren’t covered by Social Security and lack the backstop of…
The brief’s key findings are: Sovereign wealth funds (SWFs) – government-sponsored pools of financial assets – are drawing increasing scrutiny by regulators. However, the definition of a SWF is widely debated. Perhaps SWFs are best defined as funds that invest in the government’s interests and have no specific outside liabilities. Thus, public pension funds suc…
