Negative press dents confidence in CalSTRS
Negative news stories about pension systems in California have dented members' belief in secure retirement, with 68% of respondents to a California Teachers Retirement System (CalSTRS) poll declaring they were less confident about the likelihood of secure retirement.
In the poll, members of the US$158bn CalSTRS were asked how press reports had affected their confidence in a secure financial retirement. Some 33% of respondents said they were “much less confident”, while...
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