The board of the $282.5 billion fund voted yesterday to boost the states annual allocation to $5 billion over three years, from $3.8 billion now. Local government increases were postponed for two years.
Any plan must include higher contributions from teachers as well as more from schools and taxpayers, said Assembly Speaker John Perez, a Los Angeles Democrat.
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{
"uri": "/2014/02/19/calpers-boosts-rates-at-governors-urging/",
"title": "CalPERS boosts rates at governor’s urging",
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"summary": "The board of the $282.5 billion fund voted yesterday to boost the states annual allocation to $5 billion over three years, from $3.8 billion now. Local government increases were postponed for two years.",
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