San Luis Obispo County (Calif.) Employees' Retirement Plan approved a new target asset allocation, increasing real estate and eliminating cash, said Robert Nagle, investment officer. The $561 million plan set new targets of 44% fixed income, 33% passive domestic equity, 10% real estate, 8% active domestic equity and 5% international equity. The plan previously had target allocations of 9.5% real estate and 0.5% cash, Mr. Nagle said; no other changes were made. No searches will result, he said.
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