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Former CalPERS CEO jailed

A former chief executive of the California Public Employees' Retirement System (CalPERS) has been sentenced to four-and-a-half years in prison for accepting bribes during his term at the helm of one of the world's largest pension funds.

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Read more: California Public EmployeesRetirement SystemAlfred VillalobosFred BuenrostroAnne StausbollCalPERS CEOCalPERS FundFederal CourtRob FecknerSacramento BeeSan Francisco