US - The US$174bn California Public Employees' Retirement System (CalPERS) has announced it is to close for two days a month as part of a state-wide cost saving scheme.
The fund said it would close to members, employers and the general public on the first and third Fridays of the month until June 30, 2010 in order to comply with a recent executive order promulgate...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
