
California Bill Would Allow State Workers to Opt Out of CalPERS
Proposed legislation would create an optional defined contribution plan.
Proposed legislation would create an optional defined contribution plan.
But fund’s 4.6% loss is nearly half of what market lost overall, Eliopoulos says.
Ranadivé tells CalPERS to look for opportunities ‘outside of comfort zone.’
CalPERS responds to Ring’s column.
Report accused system’s ESG practices of ‘jeopardizing the retirement fund.’
Fixed-income allocation increases to 28% in new portfolio.
Allocation strategies changes could double investments in fixed-income or add significant risk to the overall investment strategy.
Portfolio gains led by public equities, which returned nearly 20%.
Investment director to become interim COIO during replacement search.
Deal made through Gulf Pacific Power account.
Board members float four possible paths to change portfolio structure; employers worried about higher pension payments.
Proposed changes would maintain the portfolio's heavy tilt to global equities, while likely increasing investments in fixed-income.
Interim CFO to return to previous role, become part of executive leadership team.
Committee proposes a reduction in benefits for state workers in two delinquent districts.
Former infrastructure consultant, real estate consultant named as potential immediate replacements.