Articles for category Retirees
The ongoing battle between CalPERS investing in the Tobacco industry has come to fruition this week as CalPERS is reopening a decade-long discussion about reinvesting in Tobacco after a 16-year ban.
Sacramento, CA - By Chris Reed
Critics of Wells Fargo’s scandal are raising questions about why the California Public [Read More...]
CSR joined with other senior groups on the Capitol steps Oct. 17 to rally in support of Prop. 61, which would help stop runaway drug prices and save the state an estimated $1 billion a year.
A bill that would have authorized the California Public Employees’ Retirement System to adjust the current $2,000 post-retirement death benefit for state and school retirees was vetoed by Gov. Jerry Brown on Sept. 26.
Music was his life, so it is fitting that the celebration of life for Gus C. Lease will be in the Music Building Concert Hall at San Jose State University at 1 p.m. Oct. 1. A reception will follow on the lawn between the Music Building and the SJSU Event Center.
Barbara LaPlante, the first female president of California State Retirees, Inc., passed away Aug. 14. She was 89.
LaPlante also had the distinction of holding the position of president – formerly known as director – for more than 10 years, longer than any previous member of California State Retirees, Inc., which is now known as California State Retirees. She also held many other positions in the organization, including regional director. [Read More...]
In this 2013, photo provided by Center for Individual Rights, Rebecca Friedrichs, a veteran Orange County, Calif., public school teacher, poses for a portrait. A tie vote from the Supreme Court means public sector unions in about half the states can continue collecting fees from workers who choose not to join. The justices on Tuesday, March 29, 2016, divided 4-4 in a case that considered whether public employees represented by a union can be required to pay "fair share" fees covering collective bargaining costs even if they are not members.
Courtesy of the Center for Individual Rights via AP Greg Schneider.
Although its 2014-15 budget was balanced, California’s state government ended the fiscal year $175.1 billion in the red, thanks largely to state retirement obligations that had to be included in its balance sheet for the first time.
Under new rules by the Governmental Accounting Standards Board, state and local governments must list unfunded pension liabilities as debts alongside the more traditional bonds and other forms of debt.
Nearing the finish line in the biggest scandal in CalPERS’ history, California officials accepted $20 million to settle civil charges over the bribery case that has hounded the giant pension fund for years.
Arvco Capital Research, a defunct Nevada investment bank owned by late financier Alfred Villalobos, agreed to pay the state $20 million to resolve a state lawsuit accusing Villalobos and his firm of bribing officials at CalPERS. The sum includes $10 million in attorneys’ fees
Jan. 26, 2016 /PRNewswire-USNewswire/ -- A group of nationally recognized pension reformers today announced the launch of the Retirement Security Initiative (RSI), a national, bipartisan advocacy organization focused on helping state and local governments meet their pension obligations and avoid insolvency. Spearheading the group's efforts are: former Utah State Senator Dan Liljenquist; former Lt. Governor of New York Richard Ravitch; former Mayor of San Jose Chuck Reed; former CFO of Chicago Lois Scott; and financial restructuring expert Jim Spiotto.