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 6:10 PM

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