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LA Times explains how CalPERS new investment forecast will affect state, local budgets

by AirTalk®

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The California Public Employees' Retirement System building in Sacramento, California July 21, 2009. CalPERS, the state's public employees retirement fund, reported a loss of 23.4 percent. Max Whittaker/Getty Images

As part of a collaboration with CALmatters and Capital Public Radio looking at the expansion of retirement benefits for public employees in California, the Los Angeles Times has been digging into how state and local government budgets could be impacted by updated projections for its investment portfolio.

The amount of taxpayer dollars going to the state pension fund has been slowly increasing since CalPERS altered its forecast four years ago and the result will mean state and local governments are footing the bill to the tune of millions, even billions of dollars.

For more on this story, check out the series reporting here.

Guest:

John Myers, Los Angeles Times Sacramento Bureau Chief

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