CalPERS Can Have CFO, To Begin Search

A bill signed on Sunday now allows a position of CFO to be created at the $217.1 billionCalifornia Public Employees’ Retirement System(CalPERS),Pensions & Investmentsreports. Interim assistant executive officer of CalPERS’ administrative services branchRussell Fongwas appointed acting CFO on April 4.

The board will now initiate a search to fill the CFO position. The legislation has also set a 10-year threshold for board members and some staff members at the retirement system and the $146.6 billionCalifornia State Teachers’ Retirement Systemlooking to take up placement assignments.

Click here for the story fromPensions & Investments.