RetiredPublicEmployees'AssociationofCaliforniaDemandsFiscalAccountability Inalandmarkmovetofinanceaforensicinvestigationof CalPERS investment and management practices, the Retired Public Employees' Association of California launched acrowdfundingeffortintothenation'slargestpublic employee retirement system. https://mma.prnewswire.com/media/2728002/logo_RPEA_CA_2024_Logo.jpg “CalPERS is underfunded, which is dangerous. This sends a clear message that our financial futures are not negotiable.” “Fortoolong,questionableinvestmentdecisionsandexcessivemanagementfeeshave raisedredïeagswithoutsufficientaccountability,”statedRPEAPresidentMargaretBrown. “Thisisanecessary actionexposingpossiblewrongdoing,encouragingreform,and protectingourretirementbenefitsfromirresponsibleactions,”Brownsaid. RPEA'sadvocacy andpressurethroughitsmembershipandthepublichascaused CalPERStomakemeaningful coursecorrectionsinthepast.RPEA'sgoalwiththis investigationistocompelareduction ofinvestmentfees,curtailexposuretohigh-risk assets,andincrease transparencyofCalPERSoperations. “Ourgoalisnottocriticizebuttocatalyzereform,”saidJ.J.Jelincic,formerCalPERSBoard MemberandRPEAHealthBenefitsDirector.”CalPERSisunderfunded,whichisdangerous. Thisactionsends aclearmessagethatourfinancialfutures