Calpers criticized for passive approach to pension 'spiking' | Business Information & News | Westlaw

Calpers criticized for passive approach to pension 'spiking' | Business Information & News | Westlaw

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9/9/14 REUTERS 22:49:45
REUTERS
Copyright © 2014 Thomson Reuters
September 9, 2014
Calpers criticized for passive approach to pension 'spiking'
Tim Reid
LOS ANGELES (Reuters) - America's largest public pension fund was criticized in a report on Tuesday for failing to sufficiently audit and clamp down on pension "spiking", a practice of inflating workers' benefits just before retirement in order to...
---- Index References ----
Company: CALPERS INVESTMENTS
Industry: (Pension Fund Management (1PE01); Investment Management (1IN34); Annuities (1AN75); Financial Services (1FI37); Insurance (1IN97); Retirement Investment (1RE05); Personal & Institutional Investing (1PE62))
Region: (Americas (1AM92); North America (1NO39); U.S. West Region (1WE46); California (1CA98); USA (1US73))
Language: EN
Other Indexing: (John Chiang; Max Whittaker; Jerry Brown; Rob Feckner)
Keywords: securities; corpgov; employment (MCC:f); (N2:US); (N2:AMERS); (N2:USA); (MCCL:OVR)
Word Count: 536
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