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Wednesday, April 17, 2013

Employer contribution hikes paying into Calpers approved

The board of California's $255 billion pension fund for public employees on Wednesday approved accounting changes which its actuarial staff say will fully fund its obligations in 30 years, but will require contribution rate hikes for employers paying into the fund.

http://www.reuters.com/article/2013/04/17/calpers-contributionrates-idUSL2N0D41P520130417?feedType=RSS&feedName=bondsNews

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