US - The California Public Employees' Retirement System (CalPERS) has launched a review of all members who earn more than $400,000 a year following widespread public outcry over an official's salary in Los Angeles County.
The $210bn fund has also begun drafting new regulations to ensure increased transparency of public agency salaries after reports that Bell, a city of 37,000 in Los Angeles County, had been paying i...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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