CalPERS approved a new asset mix for its $1.4 billion voluntary long-term care program. It will make allocations to three new asset classes: 7% to TIPS, 10% to high-yield bonds and 5% to REITs. Domestic equities will be reduced to 29% from 42%; international equities to 19% from 20%; global fixed income to 30% from 37%; and cash to zero from 1%. The $186.9 billion California Public Employees' Retirement System, Sacramento, made the changes to reduce risk. Wilshire assisted.