Investments

Issues Update

CalPERS has taken aggressive steps to implement policies and reforms that strengthen the pension fund’s accountability and ethics, and to ensure full transparency. These actions have included:

• Strong disclosure policies and rigorous regulation of placement agents
• Tough rules for communication between Board Members and staff about investment proposals
• Authority to discipline Board members who violate policy
• The pursuit of information and a special review to ensure CalPERS has not been victimized by placements agents
• A ban on gifts to employees from business partners and potential business partners

The actions are aimed at providing CalPERS members, employers and the public complete confidence in the System’s investment decision-making process and ensure the CalPERS Board is meeting its fiduciary duty.

Read the entire Fact Sheet