The California Public Employees' Retirement System (CalPERS) was recognized for its pension sustainability efforts by the Government Finance Officers Association (GFOA), which presented CalPERS with an Award for Excellence in Government Finance. CalPERS won the award for its Funding Risk Mitigation Policy, which emphasizes improving the Fund's long-term sustainability through the reduction of investment risk. CalPERS was one of two GFOA award winners from a field of 14.
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