We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

California dreaming

16 Mar 2011 By Lisa Lee

With interest rates low and stock gains weak over 10 years, the California pension fund’s actuary wanted to trim its assumed annual return to 7.5 pct. But that would have cost the cashstrapped state. By holding to a less achievable target, Calpers is sparing political blushes.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)