Articles for category CalPERS
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 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.
[Read More...]
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.
[Read More...]
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...]
Posted Mar 14, 2011 by
CalPERS
State Economy
Sacramento Bee March 14, 2011
If things had gone according to plan, Gov. Jerry Brown might be on the campaign trail asking voters to support tax extensions to balance the state budget.
Instead, the Democratic governor spent the weekend negotiating with Republican lawmakers to place his tax package on the ballot in exchange for long-term changes on pensions, spending growth and state regulations. [Read More...]
Posted Mar 14, 2011 by
CalPERS
Retirees
CSEA Vice President Donna Snodgrass will do the best job representing the interests of state retirees on the CalPERS Board of Administration, the CSEA Retirees Board of Directors decided at its meeting in Burlingame Feb. 11. [Read More...]
Posted Mar 03, 2011 by
CalPERS
Retirees
State Economy
Politics
State Employees
Lawmakers on Wednesday reacted skeptically to a controversial new proposal to lower public employee pensions throughout state and local government.
"Frankly, I just don't see this happening," said Sen. Alex Padilla during a joint meeting of Assembly and Senate committees that oversee public employee compensation.
[Read More...]
Posted Feb 04, 2011 by
CalPERS
PERSWatch will sponsor a “CalPERS Candidates’ Forum,” moderated by the League of Women Voters of Sacramento County, on Tuesday, April 26, 2011 from 6:00 p.m. to 8:00 p.m.
The forum will take place in the CalPERS Auditorium, Lincoln Plaza North, 400 P Street, Sacramento, California.
[Read More...]