CalPERS Urged to Exceed 7% Return Projections

Concerns that municipalities won’t be able to meet pension payment requirements has led the League of California Cities to urge the CalPERS Investment Committee to think “out of the box” to surpass its current 7% return projections. This according to a recent article in Chief Investment Officer. At a recent meeting with the investment committee, legislative representative Dane Hutchings cited a CalPERS report showing that 180 of 449 participating cities and towns had an individual… Read More