California public pension fund, the nation’s largest, faces probe launched by involved retirees

California public pension fund, the nation’s largest, faces probe launched by involved retirees

In recent years, the handling of the nation’s largest public pension fund has caused growing alarm among a group of retirees who rely on it. They have sought an outside audit of California’s $530 billion pension fund, known as the California Public Employees’ Retirement System, or CalPERS. They have also tried to persuade legislators to … Read more