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Open original source ↗As we’ve warned before on @theallinpod, the California pension system is dangerously underfunded and will fail at some point in the next few years.
These decisions will make the problem worse.
The politicians need to fix this asap.
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🚨 CalPERS, the California public employee, retirement system, has a $166 BILLION (not a typo!!) shortfall. So who do they bring onto to fix it? A DEI hire committed to bringing more DEI hires who invest based on “equity” & other DEI nonsense, not future gains. 💸💸💸💸💸💸💸💸
houmanhemmati ↗