Headline: California’s most powerful voice on Wall Street? Its pensions
Publication: LA Times
Article Date: May 6, 2018
“The fight over public pensions in California is almost exclusively described as a dispute between people worried about tax hikes and public servants wanting to get paid what they were promised. But this is only part of the pension story — one focused on the “liability” side of the balance sheet. What’s missing is the “asset” side of that balance sheet.” Read article…