Gov. Jerry Brown, Lawmakers Worried Over Looming Pension ProblemsThe governor says it takes about $220 billion to cover the costs of pensions and health benefits for state and university workers.
Proposed Ballot Measure Would Cut Public Pensions In CaliforniaA proposed ballot measure unveiled Thursday would reduce pension payments for state and local government employees in the nation's most populous state.
What Will CalPERS Do With Vacant Land Near Sacramento's Tower Bridge?It was originally going to be the home of a 53-story condominium tower, promised as the tallest residential highrise west of the Mississippi River. Construction had started in 2006, but now it’s quiet. The towers never got off the ground, and some of the completed foundation now sits exposed in the weeds of the dirt lot.
Education Key To Second Career In Sacramento IT FieldAfter a successful early career in sales and retail management, Sacramento’s Ron Klint decided it was time for a change.
CalPERS Pension Fraud Defendant's Death Likely A Suicide At Nevada Gun ClubReno, Nevada, police officer Tim Broadway said Wednesday that detectives were investigating the death Tuesday of Alfred Villalobos as an apparent suicide.
Stockton Workers Fear Pensions They Worked For May Be Slashed In Bankruptcy SettlementA federal bankruptcy judge ruled Wednesday that Stockton’s pension issues were no different than its other bills, leaving the door open for the city to slash payments once thought protected.
CalPERS Committee Approves Higher Pension CalculationsA state pension fund committee has approved retirement calculations for new hires despite concerns about pension spiking raised by Gov. Jerry Brown and local governments.
Former CalPERS Chief Admits Accepting Bribes Stuffed In Paper Bags, Shoe Box In Guilty PleaFred Buenrostro Jr. pleaded guilty in San Francisco federal court to fraud and bribery charges stemming from his time as chief executive of the California Public Employees' Retirement System from 2002 to 2008.
CalPERS Leaves Medical Costs For 5 Valley, Sierra Counties In Bay Area RegionOne of the nation's largest public pension funds moved Yolo County into the Sacramento region, but left nearly half a dozen others in its Bay Area region, despite the fact some are more than 100 miles away.
CalPERS Overcharging Thousands On Health Care Based On Bizarre MapA public employee who lives in Sacramento could see their health care coverage cost jump as high as 15 percent just by moving a few miles to West Sacramento.
CalPERS Moves To Hike Contributions To Cover Retirees' Longer LivesProjections show workers are expected to live an average of as much as two years longer, driving up the cost of paying benefits to people until they die. Women retiring at age 55 in 2028 are expected to live to 87.
Gov. Jerry Brown Urges CalPERS To Quickly Address Rising Pension CostsHe urged California's largest public pension fund to act quickly to address rising costs saying failure to do so would widen the fund's liabilities by billions of dollars.