US - California state's yearly payment to the California Public Employees' Retirement System could jump 18% after the committee members of the pension fund's board approved a hike in the state's contribution.
In a statement yesterday, CalPERS said the Benefits and Program Administration Committee approved a state contribution of US$3.9bn starting July 1, up $600m from last year. However, the increase co...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date