Pension Reform Newsletter: New Investment Policy for CalPERS, …

Jul 30, 2020 · This newsletter from the Pension Integrity Project at Reason Foundation highlights articles, research, opinion and other information related to public pension challenges and …

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CalPERS Takes Unnecessary Risks That Could Cost Taxpayers

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2 days ago · As is typical for pension investment portfolios, private equity on paper has been CalPERS’ highest-performing asset class, with a 20-year annualized return of 12.3%. …

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Pension Costs To Rise After CalPERS Investment Policy Change

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Nov 16, 2021 · CalPERS set the new target just months after it reported a historic gain on its investments. It notched a 21% investment return in the 2020-21 financial year, driven by a …

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Pension Costs To Rise After CalPERS Investment Policy Change ...

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Nov 16, 2021 · CalPERS set the new target just months after it reported a historic gain on its investments. It notched a 21% investment return in the 2020-21 financial year, driven by a booming stock market.

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CalPERS To Review Automatically Trimming Discount Rate When …

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Feb 22, 2024 · CalPERS in April could change a policy that automatically reduces the $485.9 billion pension fund's expected investment return when investment returns outperform the …

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US. CalPERS Affirms Commitment To ESG Amid Changes Coming To …

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Nov 21, 2024 · CalPERS CEO Marcie Frost affirmed the $522.4 billion pension fund’s commitment to environmental, social and governance investing in the face of expected federal …

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CalPERS New CIO Explains Underperformance, And Filling In Alts ...

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Sep 18, 2024 · CalPERS officials plan to “gradually increase” the $519.9 billion pension fund’s exposure to private markets to its new 40% target allocation from its actual investment of 30% as of June 30 ...

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Reason Foundation August 2022 Pension Reform Newsletter

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Aug 17, 2022 · Quotable Quotes on Pension Reform “Larger public pension funds fared better than smaller ones over the past year, with those managing more than $1 billion returning a …

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CalPERS Triples Its Investment Target, But Many Public Employees …

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Jul 14, 2021 · The 2015 policy, activated for the first time, causes CalPERS to reduce its annual investment target to 6.8% from 7%. A reduction to the rate CalPERS expects to earn from its …

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CalPERS Committee Mulls New Investment Policies

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Dec 11, 2019 · The private equity investment policy proposal continues the increased investment discretion provided to the CIO of up to $1 billion per fund commitment and $1.7 billion per …

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FAQs about Pension Reform Newsletter: New Investment Policy for CalPERS, … Coupon?

What is the CalPERS investment policy?

This Policy applies to all CalPERS investments and supersedes any contrary or inconsistent provisions within asset-class and individual program policies. The overall objective of the CalPERS investment program is to generate returns at an appropriate level of risk to provide members and beneficiaries with benefits as required by law. ...

What is CalPERS total fund investment policy?

The California Public Employees’ Retirement System (CalPERS) Total Fund Investment Policy (Policy), adopted by the CalPERS Investment Committee (Committee), sets forth CalPERS’ investment beliefs and overarching investment purposes and objectives with respect to all its investment programs. ...

What is CalPERS funding risk mitigation policy?

At issue is the CalPERS Funding Risk Mitigation Policy, the plan that governs how any single year’s investment returns impact CalPERS’ long-term discount rate. The discount rate is similar to an assumed rate of return, though it also can be viewed as a way to assess the portfolio’s level of risk. ...

How will CalPERS invest its assets?

The assets of CalPERS will be invested with the objective of achieving a long-term rate of return that meets or exceeds the CalPERS actuarial expected rate of return. CalPERS will seek to invest its assets efficiently, bearing in mind the impact of management and transaction costs on investment returns. ...

When will CalPERS review the discount rate?

Discussion of the discount rate will be folded into next year’s review of CalPERS’ Asset Liability Management (ALM) process. Those discussions begin in January and will include an analysis of both the investment portfolios and retirement plan liabilities. ...

How do I manage a CalPERS fund?

Manage the fund in accordance with each manager’s contract with CalPERS, the Total Fund Policy, and the Program Policy. Communicate and cooperate with Investment Office staff and authorized third parties regarding the management of the fund. Interest rate risk will be controlled using duration management. ...