EMBARGOED UNTIL PRESS CONFERENCE
12 noon on Monday, April 5, 2010
STANFORD INSTITUTE FOR ECONOMIC POLICY
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 firstname.lastname@example.org .
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
WHERE: SIEPR courtyard, 366 Galvez Street, Stanford University campus
Registration begins at 11:30p.m.; the presentation begins at 12noon followed by
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.