How a Pension System Steps Into an Eminent Domain Fight

Pension Systems have diverse investments. CALPERS, California’s state retirement system, has some land investments.Very valuable land in the middle of Sacramento. Land that would make for an ideal Sacramento Kings arena.

CALPERS says the land’s value is $12.5 Million. It has a fiduciary duty to protect the financial integrity of its retirement system. The City of Sacramento finds this value millions too high.

Sacramento Bee