Articles for category Retirement
Posted Jun 16, 2011 by
CalPERS
Retirees
General News
Retirement
All CalPERS retirees are invited to participate in CalPERS Ambassador Program at the El Dorado Park Senior Center in Long Beach Sept. 27.
The volunteer Ambassadors will receive education, training and communications so they can better understand, and in turn better communicate, the facts about their retirement benefits. Ambassadors will come together for an initial training and then receive timely facts and outreach ideas via e-mail.
[Read More...]
Posted Jun 16, 2011 by
CalPERS
Retirees
Health Care
Retirement
The California Public Employees’ Retirement System’s Board of Administration on June 15 adopted a 2012 health care rate package with an overall annual premium increase of 4.1 percent for more than 1.3 million CalPERS members.
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Posted May 06, 2011 by
CalPERS
Politics
Retirement
State Employees
Battle lines sharpened Thursday over California's public pensions with the release of a new report that concludes pay and benefit packages for public workers are better than those for their counterparts in the private sector.
Commissioned by pension overhaul advocates poised to seek changes, the report drew immediate fire from public employee unions, which have muscled up to fight the emerging pension wars.
[Read More...]
Posted Apr 19, 2011 by
General News
State Economy
Politics
Retirement
In a victory for all public retirees, the California Supreme Court on April 13 refused to hear the County of Orange’s appeal seeking to reverse retroactive pension increases given to retired Orange County sheriffs’ deputies.
The refusal to hear the case means the decision made earlier this year by the 2nd District Court of Appeal in Los Angeles stands. That court ruled the 2001 labor agreement retroactively giving Orange County deputies a 3 percent at age 50 formula for retirement is valid and does not violate the provisions of the California Constitution. [Read More...]
Posted Apr 15, 2011 by
CalPERS
Retirees
Retirement
All working and retired members of the California Public Employees’ Retirement System (CalPERS) and their guests are invited to a question-and-answer session with three CalPERS officials in Palm Desert Friday, May 6. [Read More...]
Posted Apr 13, 2011 by
CalPERS
General News
State Economy
Retirement
Republicans and pension busters have been whacking CalPERS like a pinata for the past year. But here's something they don't like to talk about: CalPERS is a huge job creator in California. And weakening it would be a major drag on the state's economy.
CalPERS has invested more than $17 billion in California-based companies, properties and projects, helping to generate nearly one million jobs throughout the State, the California Public Employees' Retirement System (CalPERS) Investment Committee was told on Monday.
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Posted Apr 12, 2011 by
General News
Health Care
Legislation
Retirement
Associated Press April 12, 2011
When it comes to shaping the future of Social Security, Sen. Dianne Feinstein says "everything should be on the table," including gradually raising the retirement age.
Sen. Barbara Boxer takes a different view. She is co-sponsoring legislation that would require a two-thirds majority vote before Congress could proceed with any legislation that would reduce benefits, increase the retirement age or transition the program to private accounts.
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Posted Apr 08, 2011 by
General News
Health Care
State Economy
Retirement
Sacramento Bee
Published Friday, Apr. 08, 2011
Executives from the Area 4 Agency on Aging – which funnels more than $6 million in federal grants each year to a host of seniors' nutrition, health and social programs in a seven-county area including Sacramento – warned elder advocates this week to expect significant funding reductions to programs for older adults.
"We're entering the great unknown," said Area 4 Agency on Aging executive director Deanna Lea. "We need a disaster plan, just in case."
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Posted Apr 08, 2011 by
CalPERS
General News
Retirement
State Employees
Dear CalPERS Members, Employers and Stakeholders,
CalPERS recently took bold action and made public a report that chronicles in sobering detail the alleged wrongdoings of its former Chief Executive Officer and several former Board Members.
It is not possible to explain or excuse the chronicled actions of these former officials and we will make no attempt to do so. I am truly sorry that our members and the taxpayers who support the incredibly important work of every public servant have been placed in a position where they might question the integrity of this organization.
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Posted Mar 16, 2011 by
CalPERS
Retirees
Politics
Retirement
Shaken by a report alleging wrongdoing by former top officials, directors of the California Public Employees' Retirement System voted to push for legislation curtailing gift-giving to public employees and limiting board members and executives from going to work for companies doing business with the pension fund. [Read More...]