75 CalPERS Vendors Agree To Reduce Workers’ Fees by 5%
On Wednesday, CalPERS CEO Anne Stausboll announced in a statement that 75 vendors have voluntarily agreed to reduce their fees by at least 5% in the current fiscal year. The 5% cut, which amounts to a total of $657,000 in fee reductions, is in line with a 5% pay cut that was imposed on most state workers.
- "CalPERS Vendors Heed Call To Reduce Fees" (Kasler, Sacramento Bee, 9/13).