CalPERS votes for accounting change to speed up liabilities payments

04/17/2013 | Sacramento Bee (Calif.) (free registration), The

Leaders of the California Public Employees' Retirement System voted to adopt an accounting change that will lead to higher contributions from state and local governments and school districts over the next few years. The end goal is to speed up payments on its long-term liabilities. The accounting change also will amortize the fund's investment gains and losses over a 30-year period. The full board will vote on the measure today.

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Sacramento Bee (Calif.) (free registration), The

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