Comments on: Pension Funds' Odd Incentives https://calwatchdog.com/2010/10/12/pension-funds-odd-incentives/ Wed, 13 Oct 2010 20:51:24 +0000 hourly 1 By: Charles Sainte Claire https://calwatchdog.com/2010/10/12/pension-funds-odd-incentives/#comment-2604 Wed, 13 Oct 2010 20:51:24 +0000 http://www.calwatchdog.com/?p=9628#comment-2604 I didn’t proof read my comment, let me correct it.

If a board member in Calpers has no risk he doesn’t own a horse in this race. Bonuses for good performance should be offset by some kind of penalty for losses. Penalties should not be draconian, anyone can go buy T-bills.

]]> By: Charles Sainte Claire https://calwatchdog.com/2010/10/12/pension-funds-odd-incentives/#comment-2603 Wed, 13 Oct 2010 20:49:03 +0000 http://www.calwatchdog.com/?p=9628#comment-2603 If a board member in Calpers has no risk he doesn’t own a horse in this race. Bonuses for god performance should be offset by some kind of penalty for losses. Penalties should not be draconian, anyone can go by T-bills.

]]> By: David https://calwatchdog.com/2010/10/12/pension-funds-odd-incentives/#comment-2602 Wed, 13 Oct 2010 00:18:57 +0000 http://www.calwatchdog.com/?p=9628#comment-2602 These are fascinating comments — a good inside view of how these guys see an important aspect of the pension crisis.

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