CalPERS loses $69 billion in coronavirus stock market crash | The Sacramento Bee
Cities, counties and schools will have to pay CalPERS more in the years to come to help make up for the losses, putting pressure on them to raise taxes or reduce public services. And many public workers hired since 2013 — when a pension reform law shaped by the last recession took effect — could have to contribute a larger slice of their paychecks to their retirement plans.
