News

Pension Legislation Strengthens CalPERS CFO Position

New legislation signed by California Governor Jerry Brown -- which becomes law on January 1, 2012 -- has paved the way for CalPERS to strengthen its Chief Financial Officer position responsible for managing the financial processes for the pension fund, encouraging that transparency and internal controls are maintained.

SEC Subpoenas Kentucky Pension Officials

As part of an inquiry by the US Securities and Exchange Commission to investigate the role of middlemen among pensions, the regulator has subpoenaed officials of Kentucky Retirement Systems to be interviewed.