Tag: termination liability
![Photo of CalPERS headquarters by Coolcaesar at English Wikipedia](https://crr.bc.edu/wp-content/uploads/2016/10/Photo-of-CalPERS-headquarters-by-Coolcaesar-at-English-Wikipedia.jpg)
Silly articles don’t help the process. The New York Times recent article “A Sour Surprise for Public Pensions: Two Sets of Books” told the tale of the tiny six-employee Citrus Pest Control No.2 pension fund that thought it was overfunded but instead received a large bill when CalPERS calculated its termination liability. The article has…