Headline: CalPERS ratifies lower investment forecast. Higher pension contributions are coming.
Publication: The Sacramento Bee
Article Date: Dec 21, 2016
A lackluster investment climate led the CalPERS board to agree to reduce its official investment forecast by a half a percentage point over the next three years. This will mean higher pension contribution rates for the state, local governments, school districts and at least some public employees. Gov. Jerry Brown applauded the move, stating “This will make for a more sustainable system.” Read article…