X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The California Public Employees’ Retirement System, or CalPERS, board said this week it prefers to switch its investment portfolio over to a less risky, lower yielding option, but said it would like to keep the discount rate used to offset future pension costs at 7.5 percent or higher.

BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.