Articles for category Retirement
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.
[Read More...]
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...]
In what could become a turning point in Gov. Jerry Brown's effort to close California's $26.6 billion deficit, a group of Republican state senators may support the Democratic governor's plan to ask voters for extended tax increases, in exchange for concessions, people familiar with the matter said. [Read More...]
WASHINGTON, Oct. 15 /PRNewswire-USNewswire/ -- The release of today's zero cost-of-living adjustment (COLA) by the Social Security Administration (SSA) presents yet another daunting challenge for millions of older adults who are still struggling to make ends meet in today's economy.
[Read More...]
BOCA RATON, Fla. (AP) — Seniors prepared to cut back on everything from food to charitable donations to whiskey as word spread Monday that they will have to wait until at least 2012 to see their Social Security checks increase.
[Read More...]
State workers hired in mid-November and later will have to wait longer to get their pensions – and those pensions will be smaller – under terms of the budget bill lawmakers plan to vote on today.
[Read More...]
On the 99th night of the fiscal year, California lawmakers were still debating late Thursday whether to pass a budget, already the latest spending plan in state history.
[Read More...]
The Schwarzenegger administration and Service Employees International Union Local 1000 have just announced a tentative labor agreement that includes higher employee contributions to their retirement plans and rolls back pension formulas for new hires to pre-1999 levels.
[Read More...]