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Home News Releases CalPERS Receives $249.3 Million from Bank of America Mortgage-backed Securities Settlement
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CalPERS Receives $249.3 Million from Bank of America Mortgage-backed Securities Settlement

November 3, 20141 Mins read268
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SACRAMENTO, CA - The California Public Employees’ Retirement System (CalPERS) has received $249.3 million in damages from Bank of America, the result of a federal investigation settlement announced in August by California Attorney General Kamala Harris. This puts CalPERS total recovery on losses the Pension Fund sustained from investments in mortgage-backed securities at more than $500 […]

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