California Public Employees Pension Fund

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1h
The Youngstown Vindicator
Public pension crisis?Two recent articles about public pensions in America should prompt private- sec
Public pension crisis?
The Youngstown Vindicator / Posted an hour ago
Two recent articles about public pensions in America should prompt private- sector taxpayers to sit up and take notice. That’s because we, the employers of the public employees, could end up shelling out more of our money to prop up the pension... Read more
9h
Newsmax
Wall Street Journal: Pension Crisis in 'Cover Up' ModeStates and actuaries are trying to stifle debate about the growing shortfall in
Wall Street Journal: Pension Crisis in 'Cover Up' Mode
Newsmax / Posted 9 hours ago
States and actuaries are trying to stifle debate about the growing shortfall in fund assets, Steve Malanga, a senior fellow at the Manhattan Institute, wrote in an opinion commentary for The Wall Street Journal. “Plunging investment returns have... Read more
1d
Lake Tahoe News
Political jargon means little without actionhiring campaign starting in about 2013 where EDC’s government and administratio
Political jargon means little without action
Lake Tahoe News / Posted yesterday
hiring campaign starting in about 2013 where EDC’s government and administration has grown from about 1,700 to about 1,900 employees with some growth in every year since 2013 right up until the present. So much for the soft hiring freeze allegedly... Read more
2d
Orange County Register
California close to requiring retirement plans for all businesses with at least five workersCalifornia is preparing to create a mandatory state-run retirement plan for an
California close to requiring retirement plans for all businesses with at least five workers
Orange County Register / Posted 2 days ago
California is preparing to create a mandatory state-run retirement plan for an estimated 6 million workers at companies that do not now offer any retirement benefits. The move could make California the first state to require companies to take part... Read more
4d
Zero Hedge
Illinois Warns Of "Crippling Tax Hikes", "Devastating Impact" If Largest Pension Fund Admits RealityDefined Benefit Pension Plans are, almost by definition, a ponzi scheme. Curren
Illinois Warns Of "Crippling Tax Hikes", "Devastating Impact" If Largest Pension Fund Admits Reality
Zero Hedge / Posted 4 days ago
Defined Benefit Pension Plans are, almost by definition, a ponzi scheme. Current assets are used to pay current claims in full in spite of insufficient funding to pay future liabilities: classic Ponzi. But unlike wall street and corporate ponzi... Read more
21 related stories
5d
WZZM 13 Grand Rapids
State workers rack up $1.1M bill for out-of-state travelLANSING - Michigan taxpayers are paying more for the out-of-state hotels and co
State workers rack up $1.1M bill for out-of-state travel
WZZM 13 Grand Rapids / Posted 5 days ago
LANSING - Michigan taxpayers are paying more for the out-of-state hotels and conference centers government employees visit for training, meetings and government business. Between the Oct. 1 start of the current fiscal year and the end of June, state... Read more
5d
Detroit Free Press
State workers rack up $1.1M bill for out-of-state travelState spending more to send employees across country, across the world LANSING
State workers rack up $1.1M bill for out-of-state travel
Detroit Free Press / Posted 5 days ago
State spending more to send employees across country, across the world LANSING – Michigan taxpayers are paying more for the out-of-state hotels and conference centers government employees visit for training, meetings and government... Read more
6d
The Escanaba Daily Press
Illinois exemplifies fiscal foolishnessIllinois' government, says Rauner, "is run for the benefit of its employees." I
Illinois exemplifies fiscal foolishness
The Escanaba Daily Press / Posted 6 days ago
Illinois' government, says Rauner, "is run for the benefit of its employees." Increasingly, it is run for their benefit when they retire. Pension promises, though unfunded by at least $113 billion, are one reason some government departments are not... Read more
11d
Orange County Register
Newport Beach council candidates state case at forumsometimes with a thumbs up or down, on critical issues ranging from development
Newport Beach council candidates state case at forum
Orange County Register / Posted 11 days ago
sometimes with a thumbs up or down, on critical issues ranging from developments and short term rentals to the city’s pension debt before a large crowd Tuesday at the Newport Beach Public Library. The more than 100 people who attended Newport... Read more
13d
Deseret News
George F. Will: Illinois exemplifies our fiscal foolishnessCHICAGO — Seated in his office here, wearing neither a necktie nor a frown, Rep
George F. Will: Illinois exemplifies our fiscal foolishness
Deseret News / Posted 13 days ago
CHICAGO — Seated in his office here, wearing neither a necktie nor a frown, Republican Gov. Bruce Rauner is remarkably relaxed for someone at the epicenter of a crisis now in its second year and with no end in sight. But, then, stress is pointless... Read more
2 related stories
13d
The Columbian
Will: Illinois proof public pensions can be poisonSeated in his office, wearing neither a necktie nor a frown, Republican Illinoi
Will: Illinois proof public pensions can be poison
The Columbian / Posted 13 days ago
Seated in his office, wearing neither a necktie nor a frown, Republican Illinois Gov. Bruce Rauner is remarkably relaxed for someone at the epicenter of a crisis now in its second year and with no end in sight. But, then, stress is pointless when... Read more
2 related stories
14d
Oroville Mercury-Register
George Will: Illinois crisis exemplifies our fiscal foolishnessSeated in his office, wearing neither a necktie nor a frown, Republican Gov. Br
George Will: Illinois crisis exemplifies our fiscal foolishness
Oroville Mercury-Register / Posted 14 days ago
Seated in his office, wearing neither a necktie nor a frown, Republican Gov. Bruce Rauner is remarkably relaxed for someone at the epicenter of a crisis now in its second year and with no end in sight. But, then, stress is pointless when the... Read more
2 related stories
15d
Business Wire
Fitch Rates Redwood City SD, CA's $60MM Unlimited Tax GOs 'AAA'; Outlook Stablecapacity as well as its future fiscal challenges. The district is currently ben
Fitch Rates Redwood City SD, CA's $60MM Unlimited Tax GOs 'AAA'; Outlook Stable
Business Wire / Posted 15 days ago
capacity as well as its future fiscal challenges. The district is currently benefitting from improved state education funding, in part because of its moderate unduplicated count of targeted students. However, sustained declining student... Read more
14 related stories
17d
Naked Capitalism
Bill Gross Chides CalPERS for Its 7.5% Returns Assumption; Illinois Set to Lower TargetMore and more experts are criticizing CalPERS and other public pension funds fo
Bill Gross Chides CalPERS for Its 7.5% Returns Assumption; Illinois Set to Lower Target
Naked Capitalism / Posted 17 days ago
More and more experts are criticizing CalPERS and other public pension funds for sticking with outdated, unrealistic return assumptions in the light of the “new normal” of post-crisis super-low and even negative policy interest rates. The latest to... Read more
3 related stories
18d
Zero Hedge
An Unsolvable Math Problem: Public Pensions Are Underfunded By As Much As $8 TrillionDefined Benefit Pension Plans are, in many cases, a ponzi scheme. Current asset
An Unsolvable Math Problem: Public Pensions Are Underfunded By As Much As $8 Trillion
Zero Hedge / Posted 18 days ago
Defined Benefit Pension Plans are, in many cases, a ponzi scheme. Current assets are used to pay current claims in full in spite of insufficient funding to pay future liabilities... classic Ponzi. But unlike wall street and corporate ponzi schemes no... Read more
19d
Crain's Chicago Business
Bill Gross' advice starts to click for an Illinois pension fund(Bloomberg)—Illinois's largest public pension is heeding Bill Gross's admonishm
Bill Gross' advice starts to click for an Illinois pension fund
Crain's Chicago Business / Posted 19 days ago
(Bloomberg)—Illinois's largest public pension is heeding Bill Gross's admonishment that it's time to face up to the reality of lower returns and reduce assumptions about what they can make off stocks and bonds. Fund managers that have been counting... Read more
3 related stories
21d
Newsmax
Bill Gross: Without Consumer Spending, Economy Is in Recessioninvestment returns. “The economy, absent consumer spending, is basically in a
Bill Gross: Without Consumer Spending, Economy Is in Recession
Newsmax / Posted 21 days ago
investment returns. “The economy, absent consumer spending, is basically in a recession,” the 72-year-old billionaire bond-fund manager said in an interview Friday on Bloomberg Television. While employers are hiring “there’s a dearth of investment... Read more
21d
Orange County Register
For pensions systems, past performance is no guarantee of future resultsfinancial lives we’re cautioned that “past performance is no guarantee of futur
For pensions systems, past performance is no guarantee of future results
Orange County Register / Posted 21 days ago
financial lives we’re cautioned that “past performance is no guarantee of future results.” Oddly though, in the world of public sector pensions – among the biggest institutional investors in global markets – politicians regularly ignore that... Read more
22d
Business Wire
Fitch Rates Los Angeles USD, CA's $455M Unlimited Tax GOs 'AAA'; Outlook Stablethe following Los Angeles Unified School District (the district) general obliga
Fitch Rates Los Angeles USD, CA's $455M Unlimited Tax GOs 'AAA'; Outlook Stable
Business Wire / Posted 22 days ago
the following Los Angeles Unified School District (the district) general obligation (GO) bonds: --$455 million 2016 GO refunding bonds, series B (dedicated unlimited ad valorem property tax bonds). In addition, Fitch has affirmed the following... Read more
8 related stories
22d
Business Wire
Fitch Rates Sylvan Union School District, CA's GOs 'AAA'; Outlook StableWIRE)--Fitch Ratings has assigned a 'AAA' rating to the following bonds to be i
Fitch Rates Sylvan Union School District, CA's GOs 'AAA'; Outlook Stable
Business Wire / Posted 22 days ago
WIRE)--Fitch Ratings has assigned a 'AAA' rating to the following bonds to be issued by the Sylvan Union School District, California (the district): --Approximately $17.2 million 2016 general obligation (GO) refunding bonds. The bonds will be... Read more
8 related stories
25d
Newsmax
College Endowments Seen Posting Worst Returns Since 2009U.S. college endowments are poised to take the worst slide in performance since
College Endowments Seen Posting Worst Returns Since 2009
Newsmax / Posted 25 days ago
U.S. college endowments are poised to take the worst slide in performance since the 2009 recession. Funds with more than $500 million lost a median 0.73 percent in the fiscal year through June 30, while endowments of all sizes lost 0.74 percent,... Read more
25d
Business Insurance
Volkswagen seeks to have U.S. investor class action suit dismissed(Reuters) — Volkswagen A.G. and its former CEO have asked a U.S. federal judge
Volkswagen seeks to have U.S. investor class action suit dismissed
Business Insurance / Posted 25 days ago
(Reuters) — Volkswagen A.G. and its former CEO have asked a U.S. federal judge in California to dismiss lawsuits filed by American investors accusing the German automaker of deception involving its cheating on diesel emissions tests. VW late on... Read more
4 related stories
25d
Boston Globe
Mass. state pension fund posts 2.3 percent investment gainThe Massachusetts state pension fund said it had a 2.3 percent investment gain
Mass. state pension fund posts 2.3 percent investment gain
Boston Globe / Posted 25 days ago
The Massachusetts state pension fund said it had a 2.3 percent investment gain for the fiscal year ended in June, beating its internal benchmark of 1.5 percent in a tumultuous year for the markets. The $60.6 billion retirement fund for the state’s... Read more
26d
Long Beach Press-Telegram
City reveals ‘historic’ budget thanks to Measure A, but challenges still remainat Long Beach Fire Station #8 in Belmont Shore in Long Beach, CA. Monday, Augus
City reveals ‘historic’ budget thanks to Measure A, but challenges still remain
Long Beach Press-Telegram / Posted 26 days ago
at Long Beach Fire Station #8 in Belmont Shore in Long Beach, CA. Monday, August 1, 2016. (Thomas R. Cordova/Southern California News Group) Measure A made things easier. But not easy. The city released its 2017 budget proposal on Monday,... Read more
26d
Al.com
The truth behind the big money efforts to change pensions in Alabamaand other securities related litigation. The Alabama Legislature seemingly is
The truth behind the big money efforts to change pensions in Alabama
Al.com / Posted 26 days ago
and other securities related litigation. The Alabama Legislature seemingly is bound and determined to hand over Alabama's pension funds of $32 billion to the same Wall Street firms that brought us the financial crisis of 2008. The Legislature's... Read more
26d
The Sacramento Bee
California pension funds caught in ever-tighter income-outgo squeezeRon Seeling, the California Public Employees Retirement System’s chief actuary,
California pension funds caught in ever-tighter income-outgo squeeze
The Sacramento Bee / Posted 26 days ago
Ron Seeling, the California Public Employees Retirement System’s chief actuary, believed he was speaking to a closed-door seminar in 2009 when he warned that public employee pension costs were becoming “unsustainable.” However, Ed Mendel, a veteran... Read more
28d
Crain's Chicago Business
Why are so many professors moving out of Illinois?Kim Coble is among scores of professors fleeing Illinois because of the state's
Why are so many professors moving out of Illinois?
Crain's Chicago Business / Posted 28 days ago
Kim Coble is among scores of professors fleeing Illinois because of the state's precarious fiscal condition and erratic funding of higher education. After years of climbing the academic ladder, she's decided to take a chance in California, even if it... Read more
29d
The Sacramento Bee
CalPERS is well prepared for market’s ups and downssecretaries and custodians, police officers and firefighters, scientists, engin
CalPERS is well prepared for market’s ups and downs
The Sacramento Bee / Posted 29 days ago
secretaries and custodians, police officers and firefighters, scientists, engineers, nurses and doctors – nearly 2 million public employees make the California Public Employees’ Retirement System stronger. Recent news reports and opinions would... Read more

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