CalPERS Cuts Retiree Benefits For First Time Ever


FOX Business Network’s Adam Shapiro reports from the front lines of America’s pension crisis unraveling between CalPERs and the City of Loyalton, California.

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CalPERS Cuts Retiree Benefits For First Time Ever

Meet the retirees of CalPers Pension crisis

Retiree Patsy Jardin will see her annual income plummet from $49K to $19K as the California Public Employees Retirement System cuts benefits.

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Meet the retirees of CalPers Pension crisis, part 2

Retiree John Cussins is among those who will see his benefits slashed by the California Public Employees Retirement System.

CalPERS vs. City of Loyalton

Many retirees are caught in the crosshairs as CalPERs cuts benefits for the first time in Loyalton, California.