CalPERS/CalSTRS enter into settlement over alleged bad investments George Michael Gerstein • April 29, 2019 April 26, 2019 • News • Tags: Governmental Plans Morgan Stanley to pay $130 million to California pensions over bad investments One of the world’s largest investment banks has agreed to put $130 million into the nation’s biggest public pension system to settle accusations it knowingly sold bad investments that caused the retirement fund for millions of workers to lose money. Los Angeles Times Print Email LinkedIn Twitter Facebook