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The Soaring Cost of California Pensions Is Hurting Employers and Taking Away Minority Contracts

By California Black Media Staff Keeping up with the high cost of pensions in California is hurting public sector employers, city budgets and leading to the firing of some minority money managers at CalPERS, the California Public Employee Retirement System, which is valued at $387 billion, according to Bloomberg News. In its annual report, released […]

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