In the flood of news last week about the governor's pay reduction order for state workers, you may have missed this broadcast on KXJZ about a bill that would open CalPERS to private sector retirement investments.
The discussion includes AB 2940 author Assemblyman Kevin de Leon (D-Los Angeles), Bill Duclus of the Retired Public Employees Association of California and Michael Moreno, a lobbyist with AARP.
CalPERS declined an invitation by the radio station to be part of the debate. It took a "neutral, if amended" position on the bill in May.
If you want to get more info on the bill, you can click here for the draft legislation. CalPERS' analysis is here. Remember, though, that de Leon has revised the bill since that analysis went to the fund's board.