After months of discussion, and a study by a consulting firm showing that the California Public Employees’ Retirement System forfeited an estimated $3 billion in investment profits by shedding its tobacco investments in 2001, the board’s investment committee voted to set up a procedure that could culminate in the pension fund getting back into the tobacco business.
After months of discussion, and a study by a consulting firm showing that the California Public Employees’ Retirement System forfeited an estimated $3 billion in investment profits by shedding its tobacco investments in 2001, the board’s investment committee voted to set up a procedure that could culminate in the pension fund getting back into the tobacco business. Jay Mather Sacramento Bee Staff Photo
After months of discussion, and a study by a consulting firm showing that the California Public Employees’ Retirement System forfeited an estimated $3 billion in investment profits by shedding its tobacco investments in 2001, the board’s investment committee voted to set up a procedure that could culminate in the pension fund getting back into the tobacco business. Jay Mather Sacramento Bee Staff Photo

CalPERS reopens door to tobacco industry investments

April 18, 2016 06:10 PM