Dossier
public safety unions
Coverage of public safety unions in the Nexus archive.
- CalPERS just had one of its best years in a decade. Why it matters to taxpayers
CalPERS achieved a 14.8% investment return in the 2025-26 financial year, surpassing its 6.8% target and marking its best performance since 2014. The improved returns reduced its underfunded status to 85% of liabilities, easing pressure on government agencies and taxpayers to cover shortfalls.