CalPERS Mulls Policy Changes as Economy Improves
Last week, CalPERS authorized a small increase in annual pension costs for about 1,575 local governments as the economy improves and gives government budgets a boost. CalPERS in May is scheduled to consider "capital market assumptions" and in July is scheduled to review a risk-based "decision framework" for investments with a goal to adopt a new asset allocation while the economy is stable.
- "CalPERS May 'Turn on the Spigot' for Rate Increases" (Mendel, Capitol Weekly, 2/25).