CalPERS

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14h
Orange County Register
Pension mess can’t go on; that’s no reason to ignore itliabilities seem smaller). Then there are the “market” estimates — the much lo
Pension mess can’t go on; that’s no reason to ignore it
Orange County Register / Posted 14 hours ago
liabilities seem smaller). Then there are the “market” estimates — the much lower (2.64 percent) expected rates of return CalPERS uses to calculate how much agencies must pay it if they want to leave the system. Most reformers say these numbers... Read more
2d
Newsmax
Public Pensions Are Being Overly Optimisticis an article in the New York Times, detailing the travails of a tiny governmen
Public Pensions Are Being Overly Optimistic
Newsmax / Posted 2 days ago
is an article in the New York Times, detailing the travails of a tiny government office that decided to withdraw from Calpers, the California state pension system, in order to switch to a 401(k) system. Officials at the office thought this... Read more
3d
Naked Capitalism
LinksTaleb shows why Nate Silver is wearing no clothes, statistics-wise. Wells Farg
Links
Naked Capitalism / Posted 3 days ago
Taleb shows why Nate Silver is wearing no clothes, statistics-wise. Wells Fargo Calls for New York Times Retraction on CalPERS Guillotine Watch Class Warfare Antidote du jour. Colin: Your daily antidotes tend to be weighted towards... Read more
3d
Market Watch
Volkswagen faces $9 billion in claims in Germanyfunds, asset funds from German states, and individual investors. U.S investors
Volkswagen faces $9 billion in claims in Germany
Market Watch / Posted 3 days ago
funds, asset funds from German states, and individual investors. U.S investors that are part of the German claim include CalPERS. The court said the number of claims against Volkswagen so far was equal to half the civil claims the court usually... Read more
4d
Newsmax
CalPERS Forecasts Funding Gap Could Grow to $9.2 Billion in 15 YearsThe United States' largest public pension fund, the California Public Employees
CalPERS Forecasts Funding Gap Could Grow to $9.2 Billion in 15 Years
Newsmax / Posted 4 days ago
The United States' largest public pension fund, the California Public Employees' Retirement System (CalPERS), forecast that benefits paid to retirees would outpace projected income by $9.2 billion within 15 years. The funding gap is projected to... Read more
4d
Lake Tahoe News
More red ink in El Dorado Countyfiscal sanity in EDC and stop the enormous salary growth. Additionally, the ot
More red ink in El Dorado County
Lake Tahoe News / Posted 4 days ago
fiscal sanity in EDC and stop the enormous salary growth. Additionally, the other growing bubble is pension benefits. CalPERS has had two bad years relative to their investments and that may give rise to rapidly increasing pension cost... Read more
5d
Zero Hedge
September 19just six people in California, shows how some public pension plans are far less
September 19
Zero Hedge / Posted 5 days ago
just six people in California, shows how some public pension plans are far less funded than their official numbers suggest. Calpers, which managed the fund, keeps two sets of books: the officially stated numbers, and another set that reflects the... Read more
6d
Naked Capitalism
New York Times Owes CalPERS a Retraction for Hatchet Job on Pension Fund TerminationI find myself in the peculiar position of defending CalPERS. But then again, it
New York Times Owes CalPERS a Retraction for Hatchet Job on Pension Fund Termination
Naked Capitalism / Posted 6 days ago
I find myself in the peculiar position of defending CalPERS. But then again, it’s come out an accidental winner in a Godzilla-versus-Mothra contest with the New York Times’ Dealbook. The Times’ remarkably fact-challenged article titled, A Sour... Read more
9d
The Valley Chronicle
Hemet City Council approves zoning, weighs trust fundthis meeting were scrutinized by all council members. Looking at the options,
Hemet City Council approves zoning, weighs trust fund
The Valley Chronicle / Posted 9 days ago
this meeting were scrutinized by all council members. Looking at the options, Krupa said, "Take out the option managed by CalPERS" which all Council members voiced agreement with based on current news of the CalPERS trust fund problems. She also... Read more
10d
FOX Business
U.S. public pensions turn to currency as returns sourand choppy global equity markets. Funds ranging from the $302 billion Californi
U.S. public pensions turn to currency as returns sour
FOX Business / Posted 10 days ago
and choppy global equity markets. Funds ranging from the $302 billion California Public Employees' Retirement System, or Calpers, to the $17 billion Kansas Public Employees Retirement System have posted returns below 1 percent in the last year,... Read more
2 related stories
10d
FOX Business
U.S. public pensions turn to currency as returns sourand choppy global equity markets. Funds ranging from the $302 billion Californi
U.S. public pensions turn to currency as returns sour
FOX Business / Posted 10 days ago
and choppy global equity markets. Funds ranging from the $302 billion California Public Employees' Retirement System, or Calpers, to the $17 billion Kansas Public Employees Retirement System have posted returns below 1 percent in the last year,... Read more
2 related stories
10d
Channel NewsAsia
US public pensions turn to currency as returns sourand choppy global equity markets. Funds ranging from the US$302 billion Califor
US public pensions turn to currency as returns sour
Channel NewsAsia / Posted 10 days ago
and choppy global equity markets. Funds ranging from the US$302 billion California Public Employees' Retirement System, or Calpers, to the US$17 billion Kansas Public Employees Retirement System have posted returns below 1 percent in the last year,... Read more
2 related stories
11d
Business Wire
Fitch Rates City of Rocklin, CA's 2016 LRBs 'AA'; Downgrades IDR on Criteria Change; Outlook Stablein FY 2015 (or 4.5% and 7.6% of general fund spending, respectively) above the
Fitch Rates City of Rocklin, CA's 2016 LRBs 'AA'; Downgrades IDR on Criteria Change; Outlook Stable
Business Wire / Posted 11 days ago
in FY 2015 (or 4.5% and 7.6% of general fund spending, respectively) above the actuarially determined contribution to CalPERS and an other post-employment benefits (OPEB) trust fund with the California Employers' Retiree Benefit Trust (CERBT)... Read more
18 related stories
12d
The Sacramento Bee
CalPERS open enrollment begins with more web accessCalPERS’ four-week open enrollment period for health benefits began Monday, wit
CalPERS open enrollment begins with more web access
The Sacramento Bee / Posted 12 days ago
CalPERS’ four-week open enrollment period for health benefits began Monday, with a couple changes for its 1.4 million beneficiaries. CalPERS members this year will get expanded resources to choose health care plans online, and to receive health care... Read more
13d
The Sacramento Bee
California’s unfunded pension debts may be larger than acknowledgedowed – are roughly $450 billion. That’s a big number, but investment earnings
California’s unfunded pension debts may be larger than acknowledged
The Sacramento Bee / Posted 13 days ago
owed – are roughly $450 billion. That’s a big number, but investment earnings have stumbled in the last couple of years. CalPERS gained 2.4 percent in 2014-15 and a minuscule 0.6 percent in 2015-16. That generally was the experience of other... Read more
14d
Marin Independent Journal
City halls can do more to cut pension costsNovato and Southern Marin fire districts MCERA uses a 7.25 percent assumption
City halls can do more to cut pension costs
Marin Independent Journal / Posted 14 days ago
Novato and Southern Marin fire districts MCERA uses a 7.25 percent assumption rate on assets and earned only 1.68 percent. CalPERS, which oversees the cities, agencies and special districts, uses a 7.5 percent assumption rate but earned only 0.61... Read more
15d
The Record Searchlight
Group explains Redding’s $218M in pension debts — and why they may be higherpension costs at the Redding Memorial Veterans Hall in Redding. Redding's pens
Group explains Redding’s $218M in pension debts — and why they may be higher
The Record Searchlight / Posted 15 days ago
pension costs at the Redding Memorial Veterans Hall in Redding. Redding's pension costs are trending higher — and the CalPERS pension system's 2014 estimate of $218 million in associated long-term debt may be far too rosy, according to the... Read more
15d
The Record Searchlight
LIVE: Forum puts spotlight on public pensionsvoters approved in 2012. As he put it, the intent was to bring San Jose’s retir
LIVE: Forum puts spotlight on public pensions
The Record Searchlight / Posted 15 days ago
voters approved in 2012. As he put it, the intent was to bring San Jose’s retirement plan system in line with the changes CalPERS has made. San Jose and other large California cities, such as San Francisco and Los Angeles, have their own... Read more
15d
Philly.com
Money trumps morals when Pa. invests your tax dollarsBaton Rouge. And other states are reacting; in 2015, California enacted a law b
Money trumps morals when Pa. invests your tax dollars
Philly.com / Posted 15 days ago
Baton Rouge. And other states are reacting; in 2015, California enacted a law banning its main state pension funds -- CalPERS and CalSTRS -- from investing in thermal coal, and anti-fossil-fuel activists are pushing for more. Pennsylvania... Read more
16d
The Manteca Bulletin
Mayor honors memory of Suzanne Clemenssimilar position. Clark officially retired Jan. 31 but stayed on for the last
Mayor honors memory of Suzanne Clemens
The Manteca Bulletin / Posted 16 days ago
similar position. Clark officially retired Jan. 31 but stayed on for the last six months until reaching the maximum time a CalPERS retiree can work. A new community development director is expected to be in place by November. The extra time for... Read more
16d
The Sacramento Bee
California’s top tech officer: Don’t click on phishing linksSecurity numbers in state databases could be at risk. Several large department
California’s top tech officer: Don’t click on phishing links
The Sacramento Bee / Posted 16 days ago
Security numbers in state databases could be at risk. Several large departments that maintain sensitive data, including CalPERS and CalSTRS, did not respond to the survey. Eight departments told auditors they would need at least until 2020 to... Read more
18d
The Sacramento Bee
Drug companies pass the buck on price spikeswho don’t pay any co-pays or deductibles. State and local governments, school d
Drug companies pass the buck on price spikes
The Sacramento Bee / Posted 18 days ago
who don’t pay any co-pays or deductibles. State and local governments, school districts and pension plans such as CalPERS are grappling with the burden these price hikes are putting on their taxpayer-supported budgets. New and better... Read more
20d
Profit Confidential
Is The Best Investment in Valeant Stock The One You Make in the Future?fund operator T. Row Price Group Inc (NASDAQ:TROW) has a separate civil suit pe
Is The Best Investment in Valeant Stock The One You Make in the Future?
Profit Confidential / Posted 20 days ago
fund operator T. Row Price Group Inc (NASDAQ:TROW) has a separate civil suit pending over the same matter. TIAA-CREF and CalPERS have filed securities fraud lawsuits against Valeant. The U.S. Department of Justice and the United States Attorneys’... Read more
20d
Crain's New York Business
Selling 1 World Trade Center won't be easythat hits the sales market in the city and would likely be a bidder for the tow
Selling 1 World Trade Center won't be easy
Crain's New York Business / Posted 20 days ago
that hits the sales market in the city and would likely be a bidder for the tower. Similar institutional investors like CalPERS, which recorded the largest purchase so far this year with a $1.9 billion acquisition of 787 Seventh Ave., are seen... Read more
22d
Fortune
Here’s Data On How A Lot of VC and Buyout Funds Are Doingdisclosed and time period. What follows is data from some of the larger systems
Here’s Data On How A Lot of VC and Buyout Funds Are Doing
Fortune / Posted 22 days ago
disclosed and time period. What follows is data from some of the larger systems that publicly report (one exclusion here is CalPERS — due to difficulties in downloading the data, but you can view their information by going here). University of... Read more
22d
Pacific Coast Business Times
Fiscal reform needed as pension time bomb ticks awayalmost nothing to address the state’s ongoing pension crisis. The burgeoning sh
Fiscal reform needed as pension time bomb ticks away
Pacific Coast Business Times / Posted 22 days ago
almost nothing to address the state’s ongoing pension crisis. The burgeoning shortfall now adds up to $139 billion in the CalPERS fund alone and it grew again after a dismal return of 0.61 percent for the year ended July 31. If the building... Read more
26d
Business Wire
Fitch Affirms Oakland, CA's POBs & JPFA Revs at 'A'; Outlook Stableto be issued as existing debt rolls off. The city makes full actuarially-deter
Fitch Affirms Oakland, CA's POBs & JPFA Revs at 'A'; Outlook Stable
Business Wire / Posted 26 days ago
to be issued as existing debt rolls off. The city makes full actuarially-determined annual contributions to state-funded CalPERS retirement plans for public safety and miscellaneous personnel. CalPERS is mandating increasing employer... Read more
16 related stories
29d
Lake Tahoe News
Political jargon means little without actionFund revenue growth, not in percentages but in actual dollars, by about $4 mill
Political jargon means little without action
Lake Tahoe News / Posted 29 days ago
Fund revenue growth, not in percentages but in actual dollars, by about $4 million annually and growing. And with the poor CalPERS pension performance that number of $4 million will grow considerably. In other words, even without a new salary... Read more
29d
Orange County Register
California close to requiring retirement plans for all businesses with at least five workerscalled for guaranteed investment returns in Secure Choice have been scaled back
California close to requiring retirement plans for all businesses with at least five workers
Orange County Register / Posted 29 days ago
called for guaranteed investment returns in Secure Choice have been scaled back in the face of longstanding troubles at CalPERS, California’s big pension system for government workers. CalPERS’ generous guaranteed benefits have led to grief in... Read more
30d
The Valley Chronicle
Hemet: Weak coaches = losing teamteams. Furthermore, I've been lobbying our newspaper association to create a te
Hemet: Weak coaches = losing team
The Valley Chronicle / Posted 30 days ago
teams. Furthermore, I've been lobbying our newspaper association to create a team of investigative journalists to dig into CalPERS, your pension, which has gone from being fully-funded to massively unfunded. Last month a former CalPERS CEO was... Read more

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