Editor's Note

League Testifies at CalPERS Board Workshop on Lowering Investment Volatility Risk

Board Tentatively Votes to Implement Risk Reduction Strategy

The CalPERS Board of Administration conducted a workshop on Aug. 19 to examine whether to implement a long-term strategy to reduce investment volatility risk by gradually implementing a long-term rate hike, a move designed to prevent future rate hike spikes as well. The League of California Cities^® participated to report on the results of a member survey on the various risk management proposals. The League’s comments are available on the League website.

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