The plan involves divesting from fossil fuels and investing in climate solutions.
The nation's largest public pension fund posted a gain far below expectations.
The fund is short about $26 billion in what it owes to over 500,000 members.
Public pension funds are resorting to riskier investments in a bid to score returns high enough to give retirees their guaranteed payments.
Yes, public pension plans are ripe for reform. But overhauling these plans is an opportunity to improve pension design for everyone.
