CalSTRS

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4d
San Jose Mercury News
Dave Low: Reed's state pension reform measure would be financial disasterBackers of an effort to slash the retirement of public servants got a stiff dos
Dave Low: Reed's state pension reform measure would be financial disaster
San Jose Mercury News / Posted 4 days ago
Backers of an effort to slash the retirement of public servants got a stiff dose of reality this month when leaders of the state's top public investment funds raised red flags about the plan that could be headed for the 2016 ballot. They said the... Read more
5d
The Sacramento Bee
Engagement is best approach to reduce fossil-fuel investmentsWill 2015 be the turning point for shedding dependence on fossil fuels? Recent
Engagement is best approach to reduce fossil-fuel investments
The Sacramento Bee / Posted 5 days ago
Will 2015 be the turning point for shedding dependence on fossil fuels? Recent events suggest it could be. President Barack Obama just introduced landmark environmental regulations to limit power plant emissions. More than a dozen multinational... Read more
5d
The Sacramento Bee
Should pension funds divest from fossil fuel?The first anniversary of Fossil Free California’s relationship with the state t
Should pension funds divest from fossil fuel?
The Sacramento Bee / Posted 5 days ago
The first anniversary of Fossil Free California’s relationship with the state teachers’ pension fund is no occasion to pop open a bottle of champagne. Although teachers value CalSTRS as the guardians of their retirement, they are dismayed that the... Read more
5d
The Sacramento Bee
Audit highlights gaps in California’s state IT securityCalifornia’s state databanks, stuffed with Social Security numbers, medical rec
Audit highlights gaps in California’s state IT security
The Sacramento Bee / Posted 5 days ago
California’s state databanks, stuffed with Social Security numbers, medical records, tax return data and other sensitive information, are so poorly guarded that a new audit warns that they are “vulnerable to unauthorized use, disclosure or... Read more
10d
Orange County Register
Flip side of cheaper energy: Pension funds take big hitsCalifornia’s two giant public pension funds are developing a bad habit of makin
Flip side of cheaper energy: Pension funds take big hits
Orange County Register / Posted 10 days ago
California’s two giant public pension funds are developing a bad habit of making terrible stock market bets. In the mid-2000s, the California Public Employees’ Retirement System and the California State Teachers’ Retirement System invested heavily in... Read more
13d
Orange County Register
Watchdog: California pension reform measure means savings, potential labor upheavalA controversial reform measure headed for the 2016 ballot could cut public pens
Watchdog: California pension reform measure means savings, potential labor upheaval
Orange County Register / Posted 13 days ago
A controversial reform measure headed for the 2016 ballot could cut public pension costs by giving taxpayers a say on retirement plans – but it could upend collective bargaining in the process, according to several analyses. The “Voter Empowerment... Read more
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13d
Marin Independent Journal
Marin IJ Readers’ Forum for Aug. 18, 2015We need active cleanup of Marinwood toxic plume The Save Marinwood Plaza Now o
Marin IJ Readers’ Forum for Aug. 18, 2015
Marin Independent Journal / Posted 13 days ago
We need active cleanup of Marinwood toxic plume The Save Marinwood Plaza Now oversite committee thanks you for your article, “Residents push for cleanup of chemicals” (Aug. 16) by Stephanie Weldy to alert the Marin community to our situation. From... Read more
14d
Orange County Register
Just say no to government spendingRecent reports indicate the Garden Grove City Council will be asking to raise t
Just say no to government spending
Orange County Register / Posted 14 days ago
Recent reports indicate the Garden Grove City Council will be asking to raise the amount of stipend they receive. They all knew what the salary was when they applied for the job. If the amount was too low why did they run? Now they want to spend... Read more
16d
Los Angeles Times
Count the bad ideas in California pension overhaul proposalThe burden of making up for their mistakes is borne by employees — especially n
Count the bad ideas in California pension overhaul proposal
Los Angeles Times / Posted 16 days ago
The burden of making up for their mistakes is borne by employees — especially newly hired workers, who are relegated in almost every pension "reform" to a lower-cost second-tier retirement system with skimpier benefits than their seniors. That's the... Read more
18d
Los Angeles Times
CalPERS, CalSTRS took big losses on energy investments, report saysCalifornia's two biggest public pension funds lost more than $5 billion on ener
CalPERS, CalSTRS took big losses on energy investments, report says
Los Angeles Times / Posted 18 days ago
California's two biggest public pension funds lost more than $5 billion on energy-related investments for the year ended June 30, according to a new report. The California Public Employees' Retirement System posted losses of just over $3 billion, a... Read more
18d
AllAfrica.com
Africa investor Institutional Investment and Capital Market Awards 2015 Shortlist AnnouncedAfrica investor (Ai), a leading international investment and communications gro
Africa investor Institutional Investment and Capital Market Awards 2015 Shortlist Announced
AllAfrica.com / Posted 18 days ago
Africa investor (Ai), a leading international investment and communications group, today announced the shortlist for its prestigious Ai Institutional Investment and Capital Market Awards 2015, to be held on the 25th of September 2015 at the Thomson... Read more
18d
Business Wire
Fitch Affirms Novato Unified School District, CA's GO Bonds at 'AA+'; Outlook StableSAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA+' rating on
Fitch Affirms Novato Unified School District, CA's GO Bonds at 'AA+'; Outlook Stable
Business Wire / Posted 18 days ago
SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA+' rating on the following Novato Unified School District, CA (the district) general obligation (GO) bonds: --$1.6 million Election of 2001, series 2006. The Rating Outlook is... Read more
3 related stories
21d
Naked Capitalism
Leading Pension Consultant PCA Shills for Private Equity Firms in CalPERS/CalSTRS Carry Fee RowOne of the remarkable elements of the private equity industry is the ludicrous
Leading Pension Consultant PCA Shills for Private Equity Firms in CalPERS/CalSTRS Carry Fee Row
Naked Capitalism / Posted 21 days ago
One of the remarkable elements of the private equity industry is the ludicrous things incumbents are willing to say to defend a bad status quo. The latest example is a memo from a leading pension consulting firm, Pension Consulting Alliance (PCA).... Read more
24d
Naked Capitalism
Dutch Pension Fund Escalates War Against Private Equity Secrecy, Won't Invest in Funds that Fail to Disclose All Fees and CostsDespite being less than a household name in the US, PGGM is a large and influen
Dutch Pension Fund Escalates War Against Private Equity Secrecy, Won't Invest in Funds that Fail to Disclose All Fees and Costs
Naked Capitalism / Posted 24 days ago
Despite being less than a household name in the US, PGGM is a large and influential private equity investor. Moreover, private equity standard-setter CEM Benchmaking not only singled out South Carolina for being far ahead of other US pension funds in... Read more
25d
The Sacramento Bee
Despite strong returns, California pension funds’ fiscal hole got deeperWith a new ballot proposal reigniting debate over government retirement benefit
Despite strong returns, California pension funds’ fiscal hole got deeper
The Sacramento Bee / Posted 25 days ago
With a new ballot proposal reigniting debate over government retirement benefits, the latest federal figures show California’s public pension debt in 2013 stood at $4,425 for every man, woman and child in the state, despite strong investment returns... Read more
28d
Los Angeles Times
CalPERS' private equity investing fees are expected to be 'ginormous'CalPERS is finally about to reveal how much it really pays Wall Street for its
CalPERS' private equity investing fees are expected to be 'ginormous'
Los Angeles Times / Posted 28 days ago
CalPERS is finally about to reveal how much it really pays Wall Street for its most rarefied services — and taxpayers can expect a dose of sticker shock. Last month, the California Public Employees' Retirement System announced with some fanfare that... Read more
28d
The Sacramento Bee
David Crane still an irritant to California unionsThere may not be a bounty on his head, but David Crane sits atop the enemies li
David Crane still an irritant to California unions
The Sacramento Bee / Posted 28 days ago
There may not be a bounty on his head, but David Crane sits atop the enemies list for California’s public employee unions. Crane, a wealthy investor and Stanford University lecturer, has for the past decade been highly critical of the state’s fiscal... Read more

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