They just can’t resist it. You’d think that the people who manage the two biggest lead weights wrapped around the collective necks of Californians would resist the temptation to social engineer with the retirements of 2.6 million plus people and the pocketbooks of state taxpayers. Those that do such a less-than-stalwart job of managing a combined $530 billion worth of investments between the California State Teachers Retirement System (CalSTRS) and the California Public Employees Retirement System (CalPERS) should try to do what they are supposed to do and get the maximum return from money entrusted to them by public employees, school teachers, and taxpayers and refrain from pursuing a social agenda.
Teacher pensions, Apple, & teen mental health