CalPERS

gateway

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.

04/16/2015

(credit: Thinkstock)

Education Key To Second Career In Sacramento IT Field

After a successful early career in sales and retail management, Sacramento’s Ron Klint decided it was time for a change.

02/23/2015

CalPERS

CalPERS Pension Fraud Defendant’s Death Likely A Suicide At Nevada Gun Club

Reno, Nevada, police officer Tim Broadway said Wednesday that detectives were investigating the death Tuesday of Alfred Villalobos as an apparent suicide.

01/14/2015

pension cuts

Stockton Workers Fear Pensions They Worked For May Be Slashed In Bankruptcy Settlement

A 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.

10/02/2014

CalPERS

CalPERS Committee Approves Higher Pension Calculations

A state pension fund committee has approved retirement calculations for new hires despite concerns about pension spiking raised by Gov. Jerry Brown and local governments.

08/19/2014

CalPERS

Former CalPERS Chief Admits Accepting Bribes Stuffed In Paper Bags, Shoe Box In Guilty Plea

Fred 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.

07/11/2014

bay area calpers

CalPERS Leaves Medical Costs For 5 Valley, Sierra Counties In Bay Area Region

One 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.

04/16/2014

Bay Area designation

CalPERS Overcharging Thousands On Health Care Based On Bizarre Map

A 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.

04/02/2014

CalPERS

CalPERS Moves To Hike Contributions To Cover Retirees’ Longer Lives

Projections 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.

02/18/2014

Credit: Getty Images

Gov. Jerry Brown Urges CalPERS To Quickly Address Rising Pension Costs

He 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.

02/05/2014

File (Photo credit: JIM WATSON/AFP/Getty Images)

Gov. Brown Vows To Start Debate Over Teacher Pensions

In Gov. Jerry Brown’s promise to start paying off California’s massive liabilities, the largest single unfunded debt will not be seeing any additional pay-down in the coming fiscal year.

01/11/2014

Macy's

Sacramento City Council To Vote On Eminent Domain Against CalPERS

The council will vote on Tuesday whether to pursue an eminent domain claim on the old Macy’s building to make way for a Sacramento Kings arena.

01/02/2014

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