The pot of invested money used to pay for hundreds of thousands of California public employee pensions has shrunk by $69 billion as coronavirus has squeezed global markets.
The California Public Employees’ Retirement System’s fund balance stood about $335 billion Thursday, down from a record high of $404 billion one month ago, according to CalPERS officials.
For the full story, visit SacBee.com/News/Politics-Government.
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