Seems odd to me that the very people who are asking taxpayers to pay more so they can keep their jobs, pensions, etc. invest 90% of their pension funds (our tax money) outside of California.  Wouldn't it make sense for them to invest at least 50%, if not ALL of their pension funds in California Companies and California Bonds?  By investing elsewhere, their money is sending jobs and investment elsewhere.  By investing money here, they would actually demonstrate that they're not shipping our money out of state.  Currently, of course, Calpers, like all pension funds, seeks the greatest return on investment, which frequently means out of state or offshore, but the owners of the fund complain that private companies are shipping jobs offshore.  THEY'RE PAYING FOR IT for Christsake!  And our politicians are legislating taxes and regulations over the last generation that make this state a less attractive investment FOR US.  Time for unions to put their money where their mouths are and invest in the state that pays their salaries and covers up the holes that the pension funds don't cover.  I believe taxpayers (who are on the hook for the pension fund when it doesn't cover the full nut) have every right to demand that the funds be invested right here, and put people to work right here in California, rather than China, Mexico, Texas, India and New York.  If Public employee unions claim that they can make more money elsewhere, well, they should leave just like the companies they invest in.  More than any other state, California has the ability to be self sufficient, but if our public employees invest 9:1 on companies outside of California - over $200billion, while demanding more taxes for more infrastructure and more pension funds to invest elsewhere, how in hell are we supposed to recover?

By investing here,

they'd have skin in the game, as the saying goes,

they'd encourage companies to move to, as opposed to away from the Golden State,

 Time to step up, Calpers - you want business to invest, hire and stay, time to lead by example.

California Investments

CalPERS is one of the largest investors in California - providing jobs, services, and a financial boost to the State's economy.

We recognize the significant investment opportunities that are present in California and have allocated some of our portfolio for direct California investments. Typically measured in dollars, these investments not only benefit our members, but also State and local economies.

The CalPERS Nationwide Single Family Housing Program and Member Home Loan Program, and our private equity investments through limited partnerships that are either headquartered in the State or have charters to invest in California, are just a few examples of programs designed to provide superior risk-adjusted returns for the System and invigorating support for the State's economy.

As of December 31, 2010, approximately 10.3 percent of CalPERS total assets are invested in California. The following breakdown illustrates our investments in California.