Articles for category CalPERS
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...]
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...]
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...]
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...]
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...]
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...]
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...]