In the state of California they are dipping into their retirement to fund infrastructure projects.
The California Public Employees’ Retirement System (CalPERS) announced on Sept. 12 that it would invest $800 million into road, bridge and other projects across the region over a three-year span. The move is part of CalPERS $5 billion worldwide infrastructure effort.
“The outcome could be good if we get all of the stars aligned,” CalPERS Board President Rob Feckner told the Sacramento Bee.