Pensions Lose Millions After Bank CollapsePensions Lose Millions After Bank Collapse

 https://www.msn.com/en-us/money/markets/pensions-lose-millions-after-bank-collapse/ar-AA18Ar3D

For example, the California Public Employees Retirement Fund (Cal PERS), which manages the largest public pension fund in the country with more than 1.5 million members, had $67 million invested into SVB and around $11 million into Signature at the time of their failures. With more than $440 billion in assets at the end of the last fiscal year, these investments make up a mere fraction of Cal PERS' portfolio