EMBARGOED UNTIL PRESS CONFERENCE
    12 noon on Monday, April 5, 2010

Press Advisory

STANFORD INSTITUTE FOR ECONOMIC POLICY RESEARCH (SIEPR)

WHAT:           CalPERS, CalSTRS, and UCRS together administer the pensions of approximately 2.6 million Californians. Between June 2008 and June 2009, these three public pension funds lost a combined $109.7 billion in portfolio value. The ability of these three funds to meet their future obligations has significant implications for the fiscal health of the state and public employers, the effective underwriters of many public pensions.
A team of five graduate students prepared this report on the California public employee pensions as part of the graduate Practicum in Public  Policy, a two-quarter sequence required for Masters students in  both the Public Policy and International Policy Studies Programs.   The client for this project was the Office of Governor Arnold Schwarzenegger.  The full report can be obtained from the Public Policy Program at publicpolicy@stanford.edu .  Joe Nation served as the instructor and an advisor for this research team and directs the graduate student Practicum at Stanford University.  He teaches climate change, health care policy, and public policy. Nation represented Marin and Sonoma Counties in the State Assembly from 2000-2006.

WHEN:           Monday, April 5, 2010

WHERE:        SIEPR courtyard, 366 Galvez Street, Stanford University campus

TIME :             Registration begins at 11:30p.m.; the presentation begins at 12noon followed by Q&A

This research is sponsored by the Stanford Institute for Economic Policy Research (SIEPR), an independent, non-partisan research institute at Stanford University.  Founded in 1982, SIEPRs mission is to conduct research on important economic policy issues facing the United States and other countries.  SIEPRs goal is to inform and advise policy-makers and the public and to guide their decisions with sound policy analysis.  In the course of their research, SIEPR faculty train Ph.D. students as future economic policy analysts.