CalPERS may be forced to take private plans

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US - CalPERS may be forced to open its doors to individual retirement accounts or individual retirement annuities (IRAs) for low earners if a bill going through the California legislature is passed.

Under the terms of the bill, the US$235bn California Public Employees Retirement System (CalPERS), currently the largest US public pension fund, would be allowed to provide defined contribution (DC...

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