Macro Finance
Calpers CEO Bonus Jumps 43% After Pension Returns Beat Target
Bloomberg Markets·September 16, 2026·1 min read
The California Public Employees' Retirement System voted Wednesday to give its CEO a $1.1 million bonus and a salary bump, a 43% increase in total bonus, after the pension fund's returns beat its target. The decision comes as state workers are fighting for higher pay, drawing criticism over the timing of the executive compensation increase.
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