US - California state's yearly payment to the California Public Employees' Retirement System could jump 18% after the committee members of the pension fund's board approved a hike in the state's contribution.
In a statement yesterday, CalPERS said the Benefits and Program Administration Committee approved a state contribution of US$3.9bn starting July 1, up $600m from last year. However, the increase co...
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
