San Luis Obispo (Calif.) County is considering a new asset allocation model for its $400 million defined benefit plan, said Robert Nagle, investment officer. Consultant Milliman USA proposed a model of 44% domestic equity, 38% fixed income, 10% real estate, 7.5% international equity and 0.5% cash. The current model is 41% domestic equity, 44% fixed income, 9.5% real estate, 5% international equity and 0.5% cash. Plan officials ask for new asset allocation proposals every two to three years, Mr. Nagle said.
Plan officials will consider the new model by late June, Mr. Nagle said.