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Article: CALPERS EXPANDS SUPPLEMENTAL INCOME PLANS WITH CUSTOMIZED, DIVERSIFIED OPTIONS - ALSO RENEWS EXTERNAL INVESTMENT MANAGER CONTRACTS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- September 15, 2008
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The California Public Employees Retirement System issued the following press release:
Responding to the need for individual savings, the California Public Employees' Retirement System (CalPERS) approved 19 investment options to be offered to local public agency and school employees beginning November 3, 2008.
The lineup reviewed today by the CalPERS Investment Committee includes 14 new funds, including some that adjust allocations based on the target retirement dates of participants in the 457 Plan, which has almost 27,000 active employees in 660 local agencies and schools. CalPERS investment staff will manage seven funds.
"These funds will help our members diversify their individual ...