October 31, 2025
The Center Square, a group focused on state and local level and economic reporting, has released a video discussing the recently revealed information that a California state retirement fund lost 71% of the $468M it invested in clean energy.
The summary of the report states, “The California Public Employees’ Retirement System for state employees lost 71% of its $468 million investment in a clean energy and technology private equity fund, state records show, but CalPERS won’t explain how. These losses are a major problem for California taxpayers, who at least for now are the backstop for underfunded state pensions, but also for state employees who trust CalPERS to responsibly manage their retirement plans.”
Watch the full video report by clicking on the image below:
