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CalPERS Passes Risk Mitigation Plan to Further Lower Assumed Rate of Return in the Future
Pensions & Investments Link to more items from this source
Feb. 16, 2017

"The new plan puts focus on reducing the investment portfolio's vulnerability to a market downturn but won't go into effect until the fiscal year that starts July 1, 2020. Its implementation will follow the completion of staggered decreases over the next three fiscal years ending June 30, 2020, that will take CalPERS' rate of return to 7% from the current 7.5%."

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