CalPERS selects 2 consultants

CalPERS hired Callan Associates and Mercer as general consultants to its supplemental income plans. The two firms will be on a preapproved list of consultants for the $1.1 billion SIP. At least one consultant on the list will help the $244.8 billion California Public Employees’ Retirement System, Sacramento, create its own asset allocations funds. Callan and Mercer responded to an RFP issued in December.