California Public Employees Retirement System News

Two former administrators in the city of Vernon who received lavish compensation will have their retirement benefits slashed in what state pension officials described as the largest public pension reduction in state history.

CalPERS is seeking to sell older venture capital fund stakes as it pares the number of money managers it uses, according to three people with knowledge of the plan.

A judge in California has ruled that the federal law that prohibits recognition of same-sex unions is unconstitutional because it denies long-term health insurance benefits to legal spouses of state employees and retirees.

In another volley against the Defense of Marriage Act, a California judge ruled last night that DOMA unfairly prohibit same-sex couples from participating in the California Public Employees Retirement System reports Metro Weekly .

The California Public Employees' Retirement System said it is pushing for governance changes at three companies it is invested in, chiefly focusing on executive compensation, supermajority and plurality voting requirements.

More blows from the West have been raining down on Walmart ahead of what is likely to be a contentious annual shareholders meeting next week.

CalPERS will be voting its 7.6 million shares against the re-election of nine of Wal-Mart Stores Inc.

CalPERS joined the chorus of shareholders promising to vote against Wal-Mart Stores Inc.'s board of directors because of the bribery scandal involving the retailer's Mexico subsidiary.The California Public Employees' Retirement System also called for "a thorough and independent investigation into the bribery allegations."CalPERS said it would vote ... (more)

Cleantech funds have produced a lot of negative and break-even returns, and not a lot of home runs to date.

These days, the growth is in places like China, Brazil and India. And the California Public Employees' Retirement System seems poised to benefit through a pair of investments in 57 Stars funds of funds.

CalPERS' board voted to phase in a higher local government contribution rate over two years, a decision Gov.

California will pay about $3.7 billion for state employees' pension in its next fiscal year, more than it now pays but less than the state set aside for retirement-related expenses in the prior fiscal year, the state's pension fund said on Wednesday.

The North County Transit District has hired security chief Tom Zoll as a full-time worker, after The Watchdog inquired about how it was legal for him to work as a contractor and collect a pension at the same time.

Single Sign-On: You can use Facebook account to log in to LasVegasSun.com. Joseph A. Dear, chief investment officer for the California Public Employees' Retirement System, participates in a panel discussion during the SkyBridge Alternatives Conference in Las Vegas, Nevada May, 9, 2012.

CalPERS' investment consultant is recommending that the $234.3 billion retirement system broaden its timberland program beyond the southern U.S. to other parts of the country.

Jamie Dimon, CEO of JPMorgan Chase survived attempts to take away his dual role as chairman and CEO.

The Sacramento City Council gets its first chance today to dive into a proposed budget that would cut nearly 100 police officers and firefighters, the most severe cutbacks ever to the city's public safety ranks.

New York State's employees and teachers retirement systems, CalPERS, CalSTRS and IBM's pension fund own the largest shares of J.P. Morgan Chase & Co.

Chief investment officers of four prominent institutions told hedge fund managers loud and clear that they are unwilling to pay the typical fee formula - 2% management and 20% performance - for beta exposure.

CalPERS on Wednesday committed $500 million to Blackstone for the private equity manager to run in a separately managed account, confirmed spokesman Brad Pacheco.