Headline: CalPERS eyes vote to reduce assumed rate of return
Publication: Pensions and Investments
Article Date: Nov 16, 2016
The California Public Employees’ Retirement System (CalPERS) is considering a board vote in February 2017 to lower the assumed rate of return on its investments. The move comes after CalPERS’ chief investment officer and consultants informed the board that the pension fund’s 7.5% assumed rate of return is too high. Read article…