Board of Administration | Wednesday, November 19, 2025
California Public Employees Retirement System Board of Administration · November 20, 2025
Board meeting of the California Public Employees Retirement System (CalPERS) with committee reports, several routine votes, a staff presentation and board vote to sponsor legislation to discontinue the Actuarially Equivalent Reduction (AER) for new service‑credit purchases, and a lengthy public comment period raising litigation and benefits-administration concerns.
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