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California Public Employees' Pension Bill Will Increase After CalPERS Lowers Market Expectations
The Center SquareLink to more items from this source
Nov. 18, 2021

"The CalPERS board voted Monday to select a portfolio with a return of 6.8% and an expected volatility rate of 12.1%. This expected rate of return is two-tenths of a percentage point lower than last year's target of 7%.... [CalPERS estimates that] employees hired after the implementation of the Public Employees' Pension Reform Act (PEPRA) in January 2013 ... will contribute an average of 1.2% to 1.5% more toward their pensions."

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