Pension Funds

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Law Restricts Pension Cuts For Existing Workers

The bulk of the projected savings in the pension-reform deal announced by Gov. Jerry Brown won’t be felt for decades because most of the proposed changes will affect employees who have yet to be hired.

CBS2 / KCAL9–08/29/2012

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CalPERS Funds Stung By Stock Market Decline

The turmoil on Wall Street has hit the nation’s largest public pension fund, which has lost about $18 billion off the value of its stock portfolio since July 1.