{"id":55759,"date":"2016-12-21T12:05:30","date_gmt":"2016-12-21T17:05:30","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=55759"},"modified":"2016-12-21T12:19:45","modified_gmt":"2016-12-21T17:19:45","slug":"calpers-staff-says-pension-should-lower-return-target-to-7","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2016\/calpers-staff-says-pension-should-lower-return-target-to-7.html","title":{"rendered":"Calpers Staff Says Pension Should Lower Return Target to 7%"},"content":{"rendered":"<p>(Bloomberg) The California Public Employees\u2019 Retirement System, the largest U.S. pension plan, should reduce its assumed return rate to 7 percent from 7.5 percent over the next three years amid long-term projections for slow growth and unfavorable demographics, according to its chief financial officer.<\/p>\n<p>Cheryl Eason, CFO for the $303 billion retirement system, proposed starting with a reduction to 7.375 percent in fiscal 2017-2018 that will allow agencies to prepare for the change in the fiscal year starting June 30, with additional target reductions to follow.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2016-12-21\/calpers-staff-says-pension-should-cut-return-goal-to-7-by-2020\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) The California Public Employees\u2019 Retirement System, the largest U.S. pension plan, should reduce its assumed return rate to 7 percent from 7.5 percent over the next three years amid long-term projections for slow growth and unfavorable demographics, according to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-55759","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/55759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=55759"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/55759\/revisions"}],"predecessor-version":[{"id":55762,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/55759\/revisions\/55762"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=55759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=55759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=55759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}