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CalPERS

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

Elk Grove Pension

Pension-Share Increase Could Stymie City Plans Across State

Elk Grove will be forking out an additional $1.5 million dollars a year to cover increasing public pension costs.

05/29/2013

(credit: Max Whittaker/Getty Images)

Ex-CalPERS CEO And Board Member Charged With Fraud

Federal officials have charged the former head of the nation’s largest pension fund and one of his business associates in an influence peddling and bribery case.

03/18/2013

(credit: Max Whittaker/Getty Images)

CalPERS Lowers Forecast For Investment Returns

California’s largest public pension fund has voted to lower its estimate for annual investment returns, meaning it will need more money from the state, school districts and local governments to maintain its ability to fund promised retirement benefits.

03/14/2012

(credit: Max Whittaker/Getty Images)

CalPERS Told To Cut Profit Returns By Half-Percent

The chief actuary of California’s main pension fund is urging it to lower its assumed rate of return on investments. That likely would force the state and 3,000 local agencies to increase their annual contributions.

03/08/2012

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