According to a Bloomberg report, CalPERS’ chief actuary is recommending that his fund follow the practice that is currently in place (assuming the Regents continue it) for the UC pension fund. At present, CalPERS follows a fifteen year smoothing period, extremely long, and doesn’t get to 100% funding in thirty years. UC has five years smoothing and a plan for 100% over 30 years. …Alan Milligan, (CalPERS’)… chief actuary, recommends that the biggest U.S. pension stop spreading out losses and gains over 15 years and instead set rates based on how much is needed to reach 100 percent funding within…