CalPERS Removes Investment Policy Subcommittee
The California Public Employees’ Retirement System (CalPERS) Board of Administration has accepted changes in its governance policies and practices. The investment policy subcommittee was created in 1995. On Monday, the CalPERS investment committee approved dropping its investment policy subcommittee. In addition, the board meeting agenda was streamlined. The genesis of the removal of the investment policy subcommittee was to avoid redundancy.