California Retirement System Reacts to Alarmist Study by Stanford University

CalPERS Response to Stanford Policy Brief on Public Pension Funds
April 6, 2010

Stanford’s Institute for Economic Policy Research released a policy brief “Going For Broke: Reforming California’s Public Employee Pension Systems” that relies on outdated data and methodologies out of sync with governmental accounting rules and actuarial standards of practice. The report fails to take the following into account: