California Public Employees' Retirement System, Sacramento, has written to more than 1,600 American companies in its equity portfolio, asking them to fulfill their obligations to investors and comply with the year 2000 disclosure requirements adopted by the SEC.
``While you may find these disclosure rules burdensome, I assure you that we and our fellow share owners believe they are extremely important in gauging the impact, if any, the year 2000 will have on our investments,'' wrote James E. Burton, chief executive of the $145 billion pension fund.
The rules include: the company's state of readiness; its costs to address year 2000 issues; the risks of its year 2000 issues; and the company's contingency plans.
