CalPERS asked its vendors a month ago to cut their fees voluntarily. Dozens said yes.
CalPERS said Wednesday that 75 vendors have agreed to cut their fees a combined $657,000 in the current fiscal year.
CalPERS had suggested a 5 percent reduction, in line with the 5 percent pay cut imposed on most state workers.
The results are better than those of a similar effort in 2009, when vendors made $500,000 in fee reductions.
"I am pleased to report today that 75 of our vendors stepped up to the plate by reducing their fees 5 percent or more," said CalPERS Chief Executive Anne Stausboll in a news release.
The pension fund's annual budget is $334 million.