CalPERS

Latest articles

2d
The Lake County Record-Bee
Pension fund sees better return, but not out of the woodsRetirement System has been hammered by poor investment earnings in recent years
The Lake County Record-Bee / Posted 2 days ago
Retirement System has been hammered by poor investment earnings in recent years, but got some good news last month. CalPERS reported an 11.2 percent gain on its investment portfolio in the fiscal year that ended June 30, following a couple... Read more
2d
KRCR TV Redding
Oroville police face salary cutsthe Oroville City Council to unanimously approve a seven percent cut in police
KRCR TV Redding / Posted 2 days ago
the Oroville City Council to unanimously approve a seven percent cut in police salaries and a three percent cut in their CalPERS retirement benefit. "It's pretty much the last resort," said Oroville City Councilmember Scott Thomson. "We're... Read more
4d
Zero Hedge
Here's How Government Pension Funds Are Trying To Close Their $7 Trillion Funding Gapsolvent and be able to pay out their beneficiaries over the long-term. Califor
Zero Hedge / Posted 4 days ago
solvent and be able to pay out their beneficiaries over the long-term. California Public Employee’s Retirement System (CalPERS), for example, is one of the largest pension funds in the world. And over the last 10 years CalPERS’ investment... Read more
5d
The Monterey County Herald
Letters to the Editor, Aug. 15, 2017: The real truth behind the CalPERS pension systemThe reality of the CalPERS pension system Frankly, I am happy to see the Sunda
The Monterey County Herald / Posted 5 days ago
The reality of the CalPERS pension system Frankly, I am happy to see the Sunday editorial concerning pension costs to local taxpayers. I am a bit disappointed that the article failed to explain the formula for determining these pension costs or how... Read more
6d
The Sacramento Bee
Can an investment pro persuade state workers to let him manage their pensions?largest public pension fund “glory days” for him and the California Public Empl
The Sacramento Bee / Posted 6 days ago
largest public pension fund “glory days” for him and the California Public Employees’ Retirement System. Back then, CalPERS was considered “over-funded” because it had more money than it needed to pay the pensions it owed to California... Read more
6d
The Sacramento Bee
Former California lawmaker seeks early release from prison on corruption chargesby July 2017. The fund reported last week that it was in compliance, with the e
The Sacramento Bee / Posted 6 days ago
by July 2017. The fund reported last week that it was in compliance, with the exception of three firms that persuaded CalPERS they were moving in a different energy direction. CalPERS will present its report for the Legislature at its monthly... Read more
7d
The Sacramento Bee
Teens wanted summer internships through city. 135 got them, others resorted to fast food.typical summer jobs; the companies that have hired students so far include the
The Sacramento Bee / Posted 7 days ago
typical summer jobs; the companies that have hired students so far include the Sacramento Metropolitan Chamber of Commerce, CalPERS, the state Department of Justice, Mulvaney’s restaurant and lobbying firm Platinum Advisors, according to... Read more
8d
Santa Cruz Sentinel
Editorial, Aug. 13, 2017: California taxpayers pay high cost for public employee pensionsto a report released last week, based on salary and pension records, the number
Santa Cruz Sentinel / Posted 8 days ago
to a report released last week, based on salary and pension records, the number of retired public employees in the CALPERS retirement system with annual pensions of $100,000 or more grew 63 percent since 2012. And here’s why: Public... Read more
8d
The Monterey County Herald
Editorial, Aug. 13, 2017: California taxpayers pay high cost for public employee pensionsto a report released last week, based on salary and pension records, the number
The Monterey County Herald / Posted 8 days ago
to a report released last week, based on salary and pension records, the number of retired public employees in the CALPERS retirement system with annual pensions of $100,000 or more grew 63 percent since 2012. And here’s why: Public... Read more
10d
The Mercury News
Santa Clara County, Oakland top fat-pension ranking for public workersof a home, most eclectic food-truck scene. It’s now hit another pinnacle: On t
The Mercury News / Posted 10 days ago
of a home, most eclectic food-truck scene. It’s now hit another pinnacle: On the list of retired public employees in the CalPERS system with annual pensions of $100,000, Santa Clara County is No. 1, followed closely by the city of... Read more
10d
The Mercury News
More CalPERS retirees are getting $100,000 pensions, according to a new reportThe number of retired public employees in the CalPERS system with annual pensio
The Mercury News / Posted 10 days ago
The number of retired public employees in the CalPERS system with annual pensions of $100,000 or more grew 63 percent since 2012, according to a report released Wednesday, Aug. 9. The rise in $100,000 pensions underscores the importance of making... Read more
10d
KEYT 3 Santa Barbara
Guadalupe Police Department to take over law enforcement duties at Santa Maria airportSanta Maria Police Department, which has been at the airport for approximately
KEYT 3 Santa Barbara / Posted 10 days ago
Santa Maria Police Department, which has been at the airport for approximately 15 years. "Due to some of the rules with CalPERS retirement system and retirees being able to work, which is how we have traditionally filled it," said airport... Read more
11d
KGTV San Diego
Data: CalPERS paid over $20 billion in pension benefits to retirees in 2016year, with 22,826 retirees earning pensions of over $100,000, according to Cali
KGTV San Diego / Posted 11 days ago
year, with 22,826 retirees earning pensions of over $100,000, according to California Public Employees' Retirement System (CalPERS) data. The CalPERS data, released on the TransparentCalifornia.com website, shows a 63 percent increase in retirees... Read more
13d
The Sacramento Bee
California pension fund divests from coal as industry reboundsit and the California State Teachers’ Retirement System to divest from coal by
The Sacramento Bee / Posted 13 days ago
it and the California State Teachers’ Retirement System to divest from coal by July 1, 2017. Coal stocks were a drag on CalPERS when the Legislature passed its divestment law. According to CalPERS’ 2016 investment report, the pension fund’s... Read more
13d
Marin Independent Journal
The rising cost of public pension frustrationBut the California Public Employees Retirement System has its interests protect
Marin Independent Journal / Posted 13 days ago
But the California Public Employees Retirement System has its interests protected. The only way a city can get out of CalPERS requirements is to withdraw entirely and pay huge up-front costs. “We can’t just leave CalPERS without paying $175... Read more
13d
The Mercury News
What happened after CalPERS cut pensions of former job training agency employeesnearly three decades, Sandy Meza helped young people, unemployed workers and fo
The Mercury News / Posted 13 days ago
nearly three decades, Sandy Meza helped young people, unemployed workers and former jail inmates find work. Now, after CalPERS slashed pensions for Meza and hundreds of other former employees of a defunct San Gabriel Valley job training agency... Read more
14d
Pasadena Star-News
What happened after CalPERS cut pensions of former San Gabriel Valley agency employeesnearly three decades, Sandy Meza helped young people, unemployed workers and fo
Pasadena Star-News / Posted 14 days ago
nearly three decades, Sandy Meza helped young people, unemployed workers and former jail inmates find work. Now, after CalPERS slashed pensions for Meza and hundreds of other former employees of a defunct San Gabriel Valley job training agency... Read more
16d
The Sacramento Bee
Want a better Obamacare rate? You may have to call the movers.pay an average monthly premium of $496 compared to $379 in Southern California.
The Sacramento Bee / Posted 16 days ago
pay an average monthly premium of $496 compared to $379 in Southern California. The same regional differences exist with CalPERS’ purchase of health coverage for state employees, the exchange said. Everyone in the Covered California region that... Read more
19d
Lake Tahoe News
11% raises for Placer County workers in 4 yearsalso have health benefits.) David Boesch, county chief executive officer, in t
Lake Tahoe News / Posted 19 days ago
also have health benefits.) David Boesch, county chief executive officer, in the budget report on June 13 barely mentioned CalPERS. The same goes for the July 25 staff report. Earlier this year the state Public Employee Retirement System notified... Read more
19d
Los Angeles Daily News
Professional employees say LA County Sanitation Districts is unfairly withholding pay bumpcentered on pay cuts to fund pensions. The districts have been negotiating a ne
Los Angeles Daily News / Posted 19 days ago
centered on pay cuts to fund pensions. The districts have been negotiating a new requirement for employees to pay into CalPERS gradually through a one-half percent reduction in salary every year. The districts serves 5.6 million people in 78... Read more
24d
The Sacramento Bee
How did a California special agent take home almost $695,000 last year?this week’s data update follows past pay patterns. Theodore H. Eliopoulos, the
The Sacramento Bee / Posted 24 days ago
this week’s data update follows past pay patterns. Theodore H. Eliopoulos, the chief investment officer for pension giant CalPERS, had the highest reported total wages of any state department employee in 2016, at $762,761. The state prison... Read more
26d
Naked Capitalism
Why CalPERS' Scheme for an "Independent" Private Equity Entity Is the Wrong Solution to the Problem of Weak SkillsAs we discussed yesterday, at a board retreat last week, CalPERS staff presente
Naked Capitalism / Posted 26 days ago
As we discussed yesterday, at a board retreat last week, CalPERS staff presented the idea of forming an “independent” entity with its own board and staff to make private equity investments. It may seem odd that we are criticizing this idea. After... Read more
27d
The Sacramento Bee
Pharma ducks Obamacare debate and fights transparency. And yet it wants our trustit spent $2.1 billion on prescription drugs in 2015, 26 percent of the $8 billi
The Sacramento Bee / Posted 27 days ago
it spent $2.1 billion on prescription drugs in 2015, 26 percent of the $8 billion it spent on health care. More alarming, CalPERS’ cost of specialty drugs, generally high-priced and complex biologics, more than doubled to $587 million in 2015 from... Read more
27d
Naked Capitalism
CalPERS Board Uncomfortable With Staff's "Fire, Aim, Ready" Plan to Create Unaccountable Private Equity Vehicleif you’re sighted Or you’re blind And they’ll do their best to keep you from
Naked Capitalism / Posted 27 days ago
if you’re sighted Or you’re blind And they’ll do their best to keep you from the light Last week, at an offsite retreat, CalPERS staff and board held a full day workshop on options for CalPERS’ investment management, with most of the session... Read more
30d
Marin Independent Journal
Marin IJ Readers’ Forum for July 22Authority of Marin, it has been determined that Local Government Services (LGS)
Marin Independent Journal / Posted 30 days ago
Authority of Marin, it has been determined that Local Government Services (LGS), is not and never has been an eligible CalPERS employer. Since July 2005, through an agreement, LGS has provided TAM with staffing, human resources and payroll... Read more
30d
Business Wire
Workiva Modernizes Financial Reporting for California Pension Fundrequirements. Wdesk improves collaboration, version control and data consisten
Business Wire / Posted 30 days ago
requirements. Wdesk improves collaboration, version control and data consistency throughout the complicated CAFR process. CalPERS uses Wdesk to improve data quality because the platform enables them to link data in a single document. Contributors... Read more

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