CalPERS' investment committee on Feb. 13 could vote to drop its investment policy subcommittee, which reviews all investment policies for the $229.6 billion retirement system.
“The review of policies by two committees is redundant and time consuming” because the investment committee and the subcommittee are reviewing the same policy issues, according to an agenda item for the Feb. 13 meeting.
The ad hoc subcommittee of the California Public Employees' Retirement System, Sacramento, has six board members and was formed in 1995 to develop investment policies for the retirement system.
Wayne Davis, a CalPERS spokesman, said in an e-mail that the there would be no comment pending the investment committee's discussion at the Feb. 13 meeting.
