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CalPERS

Latest articles

16h
The Ridgecrest Daily Independent
City ponders CalPERS liabilitya pension plan's obligations and the current value of its assets. According to
The Ridgecrest Daily Independent / Posted 16 hours ago
a pension plan's obligations and the current value of its assets. According to the Public Policy Institute of California, CalPERS (the California Public Employees' Retirement System) liability has grown by more than $63 billion over the last two... Read more
23h
Santa Cruz Sentinel
Sacramento, don’t pass your problems onto uson what to do and did not mention that health benefits are less funded. The le
Santa Cruz Sentinel / Posted 23 hours ago
on what to do and did not mention that health benefits are less funded. The legislature did not have good oversight over CALPERS and CALSTRS. For more than ten years neither fund met their projected return rates. To cover up their oversight they... Read more
1d
The Sacramento Bee
Wall Street caused pension crisis, not cops and firefighters30 day free trial of unlimited digital access. In 1999, when Senate Bill 400 w
The Sacramento Bee / Posted yesterday
30 day free trial of unlimited digital access. In 1999, when Senate Bill 400 was passed with strong bipartisan support, CalPERS was 137 percent funded and the state was in the midst of an economic boom. Contributions by state and public agencies... Read more
2d
Fortune
How Can Companies Best Help Society? Make More Money.investment team has already witnessed such folly up close. One of its biggest i
Fortune / Posted 2 days ago
investment team has already witnessed such folly up close. One of its biggest institutional investors is CalPERs, California’s state pension system. CalPERs managers have poured plenty of money into “responsible” energy... Read more
2d
The Sacramento Bee
CalPERS pension or a 401(k)? State workers could choose under Democrat’s billNew state workers would have a choice about whether they want to join CalPERs u
The Sacramento Bee / Posted 2 days ago
New state workers would have a choice about whether they want to join CalPERs under a bill a Senate Democrat submitted on Wednesday. The bill by Sen. Steve Glazer of Orinda is a longshot. Lawmakers last year rejected other proposals to change public... Read more
3d
The Sacramento Bee
New pension plan will squeeze California citiesCalifornia cities struggling with recent hikes in their pension fees will see a
The Sacramento Bee / Posted 3 days ago
California cities struggling with recent hikes in their pension fees will see another one in 2021 because of a decision CalPERS made on Tuesday to speed up the rate of their debt payments. The change will save cities money over time, but it could... Read more
4d
The Lake County Record-Bee
Cities should fess up about taxes and pensionspension cost is expected to more than double what is currently paid.” The Cali
The Lake County Record-Bee / Posted 4 days ago
pension cost is expected to more than double what is currently paid.” The California Public Employees Retirement System (CalPERS), which handles pensions for virtually all Sacramento city employees, says in its most recent “actuarial evaluations”... Read more
2 related articles
5d
The Sacramento Bee
Pension fund hits milestone: It’s earning more money than it’s paying outRetirement System’s recovery since it suffered severe losses in the recession t
The Sacramento Bee / Posted 5 days ago
Retirement System’s recovery since it suffered severe losses in the recession that left it badly underfunded. Since then, CalPERS has regularly had to sell off assets to pay pensions. In 2016, for instance, CalPERS paid out $20.5 billion in... Read more
5d
The Sacramento Bee
The pension nightmare for California’s cities is getting scariersavings won’t kick in for 20 years or more. And unions are suing to overturn pa
The Sacramento Bee / Posted 5 days ago
savings won’t kick in for 20 years or more. And unions are suing to overturn parts of the law. Then in December 2016, the CalPERS board lowered its expected investment return to a more realistic figure – a move that requires higher contributions... Read more
2 related articles
5d
Business Insider
A bunch of shell-shocked Wall Streeters met in paradise during the market meltdown — here's what scares them mostan exclusive group — most people didn't catch this falling knife. Take the Cali
Business Insider / Posted 5 days ago
an exclusive group — most people didn't catch this falling knife. Take the California Public Employees' Retirement System (CalPERS), for example. "CalPERS under its chief investment officer Ted Eliopoulos has been too clever, in a bad way, over... Read more
6d
The Sacramento Bee
Cities should fess up about taxes and pensions. Sacramento, that means youup today for a free 30 day free trial of unlimited digital access. The Califor
The Sacramento Bee / Posted 6 days ago
up today for a free 30 day free trial of unlimited digital access. The California Public Employees Retirement System (CalPERS), which handles pensions for virtually all Sacramento city employees, says in its most recent “actuarial evaluations”... Read more
2 related articles
8d
The Sacramento Bee
California pensions facing hit as charter schools consider leavingOne of the state’s largest charter school organizations is exploring whether it
The Sacramento Bee / Posted 8 days ago
One of the state’s largest charter school organizations is exploring whether it wants to withdraw from CalPERS, raising alarms among unions and public pension officials who fear a gradual weakening of the fund. Aspire Public Schools, which operates... Read more
8d
The Lake County Record-Bee
Pension cost rise just startingcome from a report the League of California Cities released last week after rev
The Lake County Record-Bee / Posted 8 days ago
come from a report the League of California Cities released last week after reviewing data for 451 municipalities that use CalPERS to administer their pensions. That includes most Bay Area cities except San Jose and San Francisco, which have their... Read more
9d
Santa Cruz Sentinel
Pension ‘train wreck’ not a surprise to some of usThe editorial of Feb. 7 detailing the “train wreck” coming in the pension fundi
Santa Cruz Sentinel / Posted 9 days ago
The editorial of Feb. 7 detailing the “train wreck” coming in the pension funding for much of California’s CalPERS and CalSTRS was not an eye opener. For nearly 20 years I and many on the GOP side have been livid over the contracts the state and... Read more
9d
Marin Independent Journal
Too many unanswered questions about Kentfield taxin both the California State Teachers’ Retirement System (CalSTRS) and the Cali
Marin Independent Journal / Posted 9 days ago
in both the California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS). According to the district’s own budget documents, its pension expenses will rise about $200,000 annually for the... Read more
9d
Fortune
The Next Warren Buffett? Larry Fink's Latest BlackRock Venture Mimics Berkshire HathawayThe retirement system, which oversees more than $350 billion, sent requests for
Fortune / Posted 9 days ago
The retirement system, which oversees more than $350 billion, sent requests for information in December to a group of asset managers seeking a “strategic partnership” for its private equity portfolio, according to a document released by... Read more
10d
Taft Midway Driller
Banking money against an expensive futureof the city's finance committee last week. A frequent and vocal critic of Cali
Taft Midway Driller / Posted 10 days ago
of the city's finance committee last week. A frequent and vocal critic of California public Employees Retirement System (CalPERS), Noerr said the city is going to be hit with a increased costs as the CalPERS lowered its expectations for earnings... Read more
10d
Inquirier.net
Gay Fil-Am mayor of El Cerrito vows to fight immigration raidsas it will add funding for local projects such as affordable housing and Califo
Inquirier.net / Posted 10 days ago
as it will add funding for local projects such as affordable housing and California Public Employees’ Retirement System (CalPERS) retirement funding,” explained Quinto. Quinto would like to be remembered as the first Fil-Am and LGBT Mayor who... Read more
11d
The Monterey County Herald
Editorial, Feb. 7, 2018: Train wreck looming with CalPERS pension shortfallfire service districts and other public agencies belong to the $360 billion Cal
The Monterey County Herald / Posted 11 days ago
fire service districts and other public agencies belong to the $360 billion California Public Employees’ Retirement System (CalPERS), and many are again complaining that fee hikes from the pension fund are “crowding out” other spending... Read more
11d
Santa Cruz Sentinel
Editorial, Feb. 7, 2018: Train wreck looming with CalPERS pension shortfallfire service districts and other public agencies belong to the $360 billion Cal
Santa Cruz Sentinel / Posted 11 days ago
fire service districts and other public agencies belong to the $360 billion California Public Employees’ Retirement System (CalPERS), and many are again complaining that fee hikes from the pension fund are “crowding out” other spending... Read more
15d
The Sacramento Bee
Pension costs ‘unsustainable,’ California cities sayaccess. The league developed its study by conducting a survey of its members a
The Sacramento Bee / Posted 15 days ago
access. The league developed its study by conducting a survey of its members and hiring an accounting firm to review CalPERS’ financial statements. About 170 cities responded to the survey. By 2024, cities anticipate that they will spend an... Read more
16d
The Sacramento Bee
California is collecting so much of your money it can’t save it allsheet in better shape,” said Sen. John Moorlach, R-Costa Mesa, referring to the
The Sacramento Bee / Posted 16 days ago
sheet in better shape,” said Sen. John Moorlach, R-Costa Mesa, referring to the pension debts and the state’s bond debts. CalPERS and CalSTRS have handed a series of fee increases local governments and school districts since the recession a decade... Read more
17d
Los Angeles Times
Reducing healthcare costs doesn't require Bezos/Buffett/Dimon magic: Every other country already knows howBut a patient base that size is hardly unique. CalPERS, to name one healthcare
Los Angeles Times / Posted 17 days ago
But a patient base that size is hardly unique. CalPERS, to name one healthcare customer, manages healthcare for 1.4 million state and local employees in California. The Federal Employees Health Benefits Program, or FEHBP, covers 8 million. Sometimes... Read more
24d
The Lake County Record-Bee
Letters to the editorDaniel Borenstein’s analysis of CALPERS problems(“Will CALPERS finally get seri
The Lake County Record-Bee / Posted 24 days ago
Daniel Borenstein’s analysis of CALPERS problems(“Will CALPERS finally get serious about funding pensions?” Dec. 2) is well taken, but he does not address the reason for the fund’s abysmal return of only .61 percent in the most recent fiscal year and... Read more
28d
The Sacramento Bee
California state payroll increased by $1 billion in 2017, twice as fast as previous yearthe contract. The highest-paid state worker outside of universities remains Te
The Sacramento Bee / Posted 28 days ago
the contract. The highest-paid state worker outside of universities remains Ted Eliopoulos, chief investment officer of CalPERS. He earned about $867,000 last year, up from $768,000 in 2016. CalPERS saw an 11.2 percent return on its investments... Read more
29d
New Haven Independent
Pension Fund Showdown Highlights Gapsoften make more doing it, adding a personal incentive to strike it rich. That
New Haven Independent / Posted 29 days ago
often make more doing it, adding a personal incentive to strike it rich. That has led reputable pensions like CalSTRS, CalPERS and the Teachers Retirement System of Texas to create platforms for emerging managers. While New Haven’s policies... Read more
29d
The Hill
New York City is putting politics ahead of pensions for workersit was the wrong bet to make, at least in terms of ensuring a good return for p
The Hill / Posted 29 days ago
it was the wrong bet to make, at least in terms of ensuring a good return for pension recipients. It’s now estimated that Calpers lost $3 billion due to its divestment of tobacco company stocks, as companies have continued to thrive against all... Read more
30d
The Sacramento Bee
The issues Gov. Jerry Brown shouldn’t gloss overthe plan? Pensions. Does Brown’s economic realism (California’s boom eventuall
The Sacramento Bee / Posted 30 days ago
the plan? Pensions. Does Brown’s economic realism (California’s boom eventually will turn to bust) likewise apply to CalPERS’ ability to achieve a 7 percent return rate on investment in perpetuity? Despite this decade’s bull run on Wall... Read more

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