Articles for category State Employees
Posted Mar 18, 2016 by
CalPERS
Retirees
State Economy
State Employees
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.
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Posted Jan 27, 2016 by
CalPERS
Retirees
Politics
Retirement
State Employees
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.
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Posted Jan 13, 2016 by
CalPERS
CSEA
Retirees
Politics
State Employees
Sacramento Bee, Jan. 13, 2016 -- State and local public union officials plowed through a 100-page U.S. Supreme Court transcript on Monday, trying to divine how the nine justices are leaning in a case with the potential to tie a knot in the pipeline of money that feeds their treasuries.
While the outcome of Friedrichs v. California Teachers Association could end compulsory payments to government unions, maintain the status quo or fall somewhere in between, the labor leaders interviewed by The Sacramento Bee remained optimistic regardless of the outcome that their associations would adapt.
“We’ll continue to exist,” said Dave Low, executive director of the California School Employees Association, “but it would weaken us.”
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Posted Jul 22, 2015 by
CalPERS
Retirees
State Economy
Retirement
State Employees
In an email to journalists and election officials, David Crane arrives at a false conclusion with his claim that CalPERS unfunded actuarial liability (UAL) will continue to grow unless the system achieves a return of at least 9.7%, not the 7.5% CalPERS currently assumes.
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Posted Jan 21, 2015 by
CalPERS
Retirees
Retirement
State Employees
The California Public Employees' Retirement System (CalPERS) Board of Administration unanimously re-elected Rob Feckner as Board president and elected Henry Jones as vice president. Feckner will be serving his 11th term as president, while it will be Jones' first vice presidential term.
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Posted Oct 22, 2014 by
CalPERS
Retirees
Politics
Retirement
State Employees
Gov. Jerry Brown on Monday appointed Richard Gillihan to head the California Department of Human Resources, where he has served in an acting role since February. In his new position, Gillihan will also serve on the CalPERS Board of Administration.
Gillihan, 46, took over after Julie Chapman suddenly stepped down amid criticism that the department lacked leadership. His appointment broke a chain of CalHR chiefs who were labor insiders or bureaucrats who had come up through the department in favor of a technology expert and fiscal manager from the Department of Finance.
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Posted Oct 15, 2014 by
CalPERS
Retirees
State Employees
CalPERS board member Priya Mathur was removed from board leadership positions today because of her latest campaign-finance disclosure infractions.
Mathur was removed as board vice president and chair of the Pension and Health Benefits Committee. The decision was announced by board President Rob Feckner. No replacement as board vice president was immediately named. George Diehr was named acting chair of the pension committee.
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Posted May 06, 2014 by
CalPERS
Retirees
Health Care
State Employees
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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Posted Mar 14, 2014 by
Retirees
General News
Retirement
State Employees
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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Posted Feb 07, 2014 by
CalPERS
Retirees
General News
State Employees
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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