Jan 22, 2015
More Proof SJ Chose Wrong Path for Pension Resolution
There’s good news and bad news in the City of San Jose’s just-released Comprehensive Annual Financial Report on its two pension funds. The good news is that the investment returns for the Police and Fire Plan (which covers police and fire) and the Federated Plan (which covers everyone else) were 13.5% and 14.2% respectively. That’s well above the 7.125% and…