CalPERS OPEB Trust (a ISR Fund) Earns 13.4% in 2010
The California Public Employees’ Retirement System (CalPERS) today announced that the trust fund for prefunding public employee retiree health benefits and other post-employment benefits (OPEB) earned a solid 13.4 percent return on investment in 2010.
The California Employers’ Retiree Benefit Trust (CERBT) was created in 2007 by CalPERS to provide California public employers with a low-cost, high-value investment vehicle for prefunding future OPEB costs. OPEB typically includes retiree health benefits but can also include other retiree benefits such as dental and vision benefits.
?Read the full info in CalPERS Web Site