Articles for category Retirement
Posted Oct 05, 2011 by
Retirees
Retirement
California’s largest state retiree organization
has
a new name and a new attitude about
standing
up to public pension critics [Read More...]
Posted Oct 04, 2011 by
CalPERS
General News
State Economy
Retirement
Nearly half of California workers will retire in or near poverty, shows a new study released by the University of California, Berkeley’s Center for Labor Research and Education, "California Workers’ Retirement Prospects."
While retirement security is and will be a problem in the whole of the nation, the situation is worse in California, because California workers have less access to employer retirement plans than workers in the United States as a whole, according to the study authors.
[Read More...]
Posted Sep 28, 2011 by
Legislation
Politics
Retirement
Faced with a growing pension burden, Los Angeles Mayor Antonio Villaraigosa and the City Council moved this summer to freeze the amount of healthcare benefits given to thousands of police and firefighters once they retire. Those benefits would not increase in coming years, Villaraigosa said, unless employees contribute more toward retirement from their paychecks. [Read More...]
Posted Sep 09, 2011 by
Retirees
Legislation
Retirement
Sacramento Bee Sept. 8, 2011 --Lawmakers essentially threw in the towel Thursday on comprehensive public pension reform - at least for now.
With this year's legislative session scheduled to end at midnight today, the Assembly voted 51-21 to approve a last-minute bill declaring its commitment to pension reform but conceding that more time is needed.
[Read More...]
Posted Sep 09, 2011 by
CalPERS
Retirees
Retirement
CalPERS, Sept. 9, 2011
On November 4, 2011, the CalPERS Office of Stakeholder Relations will host a second Northern California recruitment meeting to identify CalPERS beneficiaries for the CalPERS Ambassador Program. The November 4 meeting is a repeat of the popular kick-off meeting held in Sacramento on May 26.
[Read More...]
Posted Jul 18, 2011 by
CalPERS
Retirees
General News
State Economy
Retirement
The California Public Employees’ Retirement System (CalPERS) July 18 reported a 20.7 percent return on investments in preliminary estimates for the one-year period that ended June 30, 2011.
“This is our best annual performance in 14 years,” said Rob Feckner, CalPERS Board President. “For the second straight fiscal year, the Pension Fund exceeded its long-term annualized earnings target [Read More...]
Posted Jul 13, 2011 by
CalPERS
Retirees
General News
Retirement
CalPERS Board run-off election candidates, Michael Bilbrey and Richard Ross, participated in a candidate forum sponsored by PERSwatch on July 6, 2011. A video of the forum is now available for viewing online via YouTube. Ballot packages for the run-off election were mailed to eligible voters on June 30, 2011.
[Read More...]
Posted Jul 13, 2011 by
CalPERS
Retirees
State Economy
Retirement
Benefit payments in 2010 by the California Public Employees’ Retirement System, the largest U.S. public pension, spurred more than $26 billion in economic activity in the state, the fund said in a report.
[Read More...]
Posted Jun 28, 2011 by
CalPERS
Retirees
Politics
Retirement
Michael Bilbrey and Richard Ross – the two candidates in the CalPERS runoff election for a vacant seat on the CalPERS Board of Administration – will face off at an upcoming candidates’ forum.
[Read More...]
Posted Jun 23, 2011 by
CalPERS
Retirees
State Economy
Retirement
State Employees
New York Times June 21, 2011
Then Jim Righeimer, a conservative activist and real estate developer, jumped into the race last year.
The city was on the road to insolvency, he warned, because public employee unions had pressured politicians into handing over generous salaries and pensions. The police chief received $298,000 a year in total compensation, Mr. Righeimer noted. The deputy fire chief had retired with a pension of more than $182,000 a year.
[Read More...]