CALPERS Says Forget About Anti-Pension Talk

The Sacramento Bee has a formal response from CALPERS on the negative news of late on public pensions:

Beware of the anti-pension ideologues who come out of the woodwork during market downturns. Like vultures, they prey on the highly charged and negative investment environment, looking for ways to convince you a temporary performance downturn will be typical for all time!

We have a feeling that CALPERS will be the National of Realtors of public pensions!