US - The US$182bn California Public Employees Retirement System (CalPERS) is considering a proposal from its chief actuary to change the system's actuarial and amortisation policies in a way that will smooth employer required contributions in the future.
The “smoothing” proposal calls for spreading the fund’s market value asset gains and losses over 15 years rather than the current three years. It would also widen the “corridor” limits for establis...
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