US - Californian schemes have dismissed the conclusions of a study by the Stanford Institute for Economic Policy Research (SIEPR), which claimed the funding level of the three largest Californian pension funds has so far been understated due to the accounting rules used.
Both the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) denied the funding level of the three largest Californian pension fu...
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