CalPERS trustees are recommending equalizing the big differences that...

CalPERS trustees are recommending equalizing the big differences that exist between retirement program benefits for active and retired employees, said Brad Pacheco, spokesman at the $153 billion pension fund. The issue will be discussed at the investment committee meeting scheduled for May 17, after which a resolution will be presented to the governor and the Legislature, Mr. Pacheco said. Because Sacramento-based system has a surplus, it is trying to improve benefits for all members, he said.