Articles for category CalPERS
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.
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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.
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Posted Jul 13, 2011 by
CalPERS
Retirees
General News
State Economy
State Employees
CalPERS benefit payments rippled through the California economy last year, generating $26 billion in economic activity and supporting more than 93,600 jobs across the state, Anne Stausboll, Chief Executive Officer of the California Public Employees' Retirement System, told a Washington, D.C., conference today.
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Posted Jul 12, 2011 by
CalPERS
Retirees
General News
State Employees
From California to Florida, many public employees are paying more for their pensions now than a year ago as strapped state and local governments cast about for savings.
Now a sweeping Republican proposal in the California Senate, among other changes, would hike how much all current and future state and local government workers pay toward their pensions.
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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.
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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.
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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.
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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 19, 2011 by
CalPERS
Retirees
National Economy
State Economy
Wall Street Journal, May 19, 2011
The nation's biggest pension fund is on target to notch one of its strongest annual returns in the past 20 years, performance that is helping the fund regain its health and its confidence.
But state residents still are being stung by the California Public Employees' Retirement System's funding gap, showing the deep hole into which many pension funds have dug themselves.
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Posted May 17, 2011 by
CalPERS
State Economy
The state's annual contribution to CalPERS will fall slightly in the upcoming fiscal year, the pension fund announced today.
CalPERS said the state's contribution in the new fiscal year will hit $3.51 billion. That compares with $3.68 billion in the current year. [Read More...]