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Sunday, April 12, 2020
Public pensions taking big hit from COVID-19 California Public Employees’ Retirement System, the largest in the U.S., accounts for some $69 billion in losses.
Analysts with Moody’s estimated that, as of March 20, public pension plans looked to be in line for an average investment loss of about 21% in the fiscal year ending on June 20.https://t.co/uC2wsaBcg7