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CSR | Legislative Activity
Articles for category Retirees

Are state workers resuming their rushing to retirement?

Posted Oct 10, 2014 by   

California’s eight-month streak of declining state-pension applications ended with a 24 percent jump in July, according to CalPERS data. August followed with a hefty 64 percent surge, the largest single-month percentage increase since July 2010. Retirement filings last month rose 23 percent compared with a year ago.

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CalPERS chief executive comments on Stockton bankruptcy case

Posted Oct 09, 2014 by   

The ruling last week by a federal bankruptcy judge in Stockton’s bankruptcy case has caused many to speculate about the future of pensions. Public employees, retirees, employers, lawyers, taxpayers and journalists have legitimate questions and concerns (“Bankruptcy case should be a loud warning to cities,” Editorials, Oct. 3).

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Bankruptcy ruling may be moot

Posted Oct 09, 2014 by   

A federal bankruptcy judge's decision that Stockton could toss out its contract with CalPERS, the state's giant pension fund, may lead to deep cuts in workers' and retirees' pensions, even though the city didn't ask for any cuts at all. It also could lead other cities to use the bankruptcy process to rewrite employee pensions over their workers' objections.

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Do you want to represent other state retirees like yourself?

Posted Sep 25, 2014 by   

We're having an election, and we want you to run! Eligible members who want to represent and serve CSR members on the Board of Directors must file their Candidate Filing Form for one of two open seats by 5 p.m. Nov. 17.

Ballots will be mailed to eligible voters by Dec. 1, 2014 and must be returned by Jan. 2, 2015. Only members of California State Retirees in good standing are eligible to vote.

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CalPERS Dependent Eligibility Verification deadline nears

Posted May 06, 2014 by   

About 40,000 CalPERS state retiree members were asked in December 2013 to verify whether their dependents are eligible to receive CalPERS health care benefits, but about 3,400 dependents remained unverified by May 1 even after several notifications, CalPERS reported May 6.

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Chuck Reed suffers another legal blow

Posted Mar 14, 2014 by   

San Jose Mayor Chuck Reed's statewide pension reform initiative was dealt a major setback Thursday when a judge rejected a lawsuit that could have made it much easier for Reed get his measure on the ballot.

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Reed's pension measure is scrapped

Posted Mar 14, 2014 by   

SAN JOSE MERCURY NEWS -- Mayor Chuck Reed on Friday abandoned what was supposed to be his crowing achievement, saying he had admitted defeat in his bid to get a statewide pension reform measure on the November ballot.

The decision was expected after Reed struggled to attract the well-funded allies he needed to raise the millions of dollars to gather the roughly 800,000 signatures required for the initiative to reach the ballot. Meanwhile, organized union groups mounted a campaign to defeat it, and dozens of other California mayors lined up against it.

The San Jose mayor will be termed out of office at the end of this year and had spent months traveling the state and Washington D.C. in hopes of gathering support for his initiative, which was similar to a city pension measure he championed in 2012.

 

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Chuck Reed sues over summary of pension initiative

Posted Feb 07, 2014 by   

Proponents of a pension-change initiative want a judge to edit key language used to describe their measure, contending that it was written to bias voters against it.

The lawsuit filed this week by San Jose Mayor Chuck Reed and four other local government officials behind the proposal accuses Attorney General Kamala Harris of writing a title and summary that “uses false and misleading words and phrases which argue for the measure’s defeat, is argumentative, and creates prejudice against the measure, rather than merely informing voters of its chief purposes and points ...”

 

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CSR succeeds at stopping CalPERS pension data base

Posted Jan 13, 2014 by   

    After California State Retirees (CSR) took the lead in calling for legislative hearings regarding pension privacy rights, the California Public Employees’ Retirement System (CalPERS) announced Jan. 6 that it will rescind its plan to post on its website the names and pension amounts of 550,000 CalPERS retirees.

   In July, CalPERS agreed to postpone the launching of its searchable pension data base when CSR and other retiree organizations argued that public information should only be released upon individual request under the Public Information Act. Posting the pension information of all CalPERS members on a data base would make it easier for solicitors and identity thieves to obtain information, the groups argued.

   The Jan. 6 statement released by CalPERS Spokeswoman Rita Gallardo said: "After many discussions with our stakeholders and partners, we have come to better understand their concerns about posting this public information in a secure database on the CalPERS website. Next month CalPERS staff will report to the [CalPERS Board of Administration] that we no longer believe the intended benefits of posting the database on our website outweigh the risks and concerns to our members and that we should not move forward with our previous plans.

 

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CSR Executive Director Phillip Sherwood addresses CalPERS Board

Posted Dec 19, 2013 by   

Ordinarily, when increases in employer and employee pension contributions are discussed, we would be the first to question the need for such increases.  But the current reality shows it is prudent to adjust contributions in light of the updated actuarial assumptions.  Members are living longer.  Hence the long term stability of the fund outweighs knee jerk objections in our estimation.

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