Rose Institute Fellow Dr. Steven Frates Quoted in Reuters Article

Rose Institute Fellow Dr. Steven Frates was quoted in a Friday Reuters article (picked up by Forbes online) about Calpers, America’s biggest pension fund. The article discusses how Calpers has been doing during the financial crisis, and Dr. Frates commented about Calpers’ relationship to taxpayers.

‘Calpers’ responsibility, broadly speaking, is to the taxpayers,’ said Steven Frates, senior fellow at the Rose Institute of State and Local Government. ‘When the check comes due, those are the people who pay it.’

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