California Public Employees Retirement System

Bookmark

Add to MyYahoo RSS

California Public Employees Retirement System News

News on California Public Employees Retirement System continually updated from thousands of sources around the net.

2 hrs ago | Reuters

UPDATE 2-Calpers dumps hedge funds citing cost, to pull $4 bln stake

The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated. The $300 billion fund, known as Calpers, invests with firms including Och-Ziff Capital Management, Deepak Narula's Metacapital Management and Bain Capital's Brookside Capital and plans to pull the money out over the next year.

Comment?

Related Topix: Pension, Personal Finance, Financial Services, Retirement, Investment Services, Startups, Bain Capital

6 hrs ago | Business Journal

CalPERS launches open enrollment for 2015

The California Public Employees' Retirement System kicked off open enrollment Monday for almost 1.4 million state, local government and public school employees, retirees and their families. The California Public Employees' Retirement System kicked off open enrollment Monday for almost 1.4 million state, local government and public school employees, retirees and their families.

Comment?

Related Topix: Financial Services, Investment Services

Thu Sep 11, 2014

San Bernardino County Sun

City of Yucaipa reaches agreement with managers, supervisors, confidential employees

The employees, who are not part of a union, will see a 3 percent increase this year and the next two years, according to the staff report. The city's contribution to the California Public Employees Retirement System will decrease each year by 1 percent, from 7 percent, over the next three years.

Comment?

Related Topix: Financial Services, Investment Services

Wed Sep 10, 2014

Vallejo Times-Herald

'Legal pension spiking' will cost California $800 million, audit says

Thousands of California public workers have sweetened their retirement checks with a now-outlawed accounting maneuver that will cost nearly $800 million over two decades, an audit has disclosed. The report by Controller John Chiang this week came as California faces tens of billions of dollars in future pension payments for government retirees that the state doesn't have the money to pay.

Comment?

Related Topix: Pension, Personal Finance, Retirement, Financial Services, Investment Services

Wed Sep 03, 2014

The Wave

Editorial: Pension spiking alive and well

A key pension reform from 2012 was effectively gutted last week when the California Public Employees' Retirement System decided to include nearly 100 types of supplemental, or specialty, pay awarded to state and local government employees in those workers' pension calculations.

Comment?

Related Topix: Pension, Personal Finance, Financial Services, Investment Services, Opinion

Tue Sep 02, 2014

The Wave

Villa Park considers ending contract with CalPERS

Villa Park is talking about starting the process to end its pension contract with the California Public Employees' Retirement System.

Comment?

Related Topix: Pension, Personal Finance, Financial Services, Investment Services

Fri Aug 29, 2014

Quebec Chronicle-Telegraph

Steven Greenhut on California Embracing Pension-Spiking Bonanza

After reading new state rules that detail 99 categories of "special pay" that can be used to spike a public employee's pension, I was tempted to ask my editor for "special deadline pay" for filing columns on time.

Comment?

Related Topix: Pension, Personal Finance, Financial Services, Investment Services, Jerry Brown, US Governors, Libraries

Sacramento Bee Newspaper

Endorsement: Leyne Milstein is clearly the best choice for CalPERS board

It's an election that only a select group will decide, but its outcome is crucial to taxpayers across California – as a key decision last week on pensions demonstrates.

Comment?

Related Topix: Pension, Personal Finance, Financial Services, Investment Services, Retirement, Sacramento, CA, Opinion

Wed Aug 27, 2014

Contra Costa Times

Concord council takes aim at benefits for future elected officials

On Sept. 23, the City Council is scheduled to approve an amendment to Concord's contract with the California Public Employees Retirement System creating a new employee group for any council members and city treasurers elected after Nov. 1. Members of this group would not receive pension benefits.

Comment?

Related Topix: Concord, CA, Financial Services, Investment Services, Pension, Personal Finance, Clayton, CA

Fri Aug 22, 2014

Holtville Tribune

Applying for CalPERS Long-Term Care Just Got Easier

The California Public Employees' Retirement System just made it easier for public employees, retirees, and family members to apply for CalPERS Long-Term Care coverage with the launch of a new online application.

Comment?

Related Topix: Personal Finance, Retirement, Financial Services, Investment Services

The San Diego Union-Tribune

-story-block

Maybe that boost could also lead to a higher pension calculation. Then again, like most private-sector workers, I don't receive a pension.

Comment?

Related Topix: Pension, Personal Finance, Financial Services, Investment Services, Jerry Brown, US Governors, Libraries, US Politics, US News

Mass Transit

CA: Ethics Panel Wants Stiffer Penalty for CalPERS' Priya Mathur

Aug. 22--REPORTING FROM SACRAMENTO -- The state's ethics panel is taking a get-tough stance toward a board member of the nation's biggest government pension fund, who has repeatedly failed to file legally required disclosure reports.

Comment?

Related Topix: Pension, Personal Finance, Financial Services, Investment Services, Retirement

Wed Aug 20, 2014

Business Journal

Governor: CalPERS 'got it wrong' on pension boost

The California Public Employees' Retirement System approved on Tuesday many options for new workers to increase their pensions, including temporary promotions for those holding interim jobs.

Comment?

Related Topix: Pension, Personal Finance, Financial Services, Investment Services, US Governors, Jerry Brown

Tue Aug 19, 2014

The Fresno Bee

CalPERSa pension rules would OK 99 types of extra pay to count toward pensions

The CalPERS board is considering nearly a hundred types of pay to be considered when calculating pensions for state and local government employees.

Comment?

Related Topix: Pension, Personal Finance, Jerry Brown, US Governors, Retirement, Financial Services, Investment Services, Pacheco, CA

Sacramento Bee Newspaper

CalPERS' pension rules would OK 99 types of extra pay to count toward pensions

More than a year after Gov. Jerry Brown signed a law he said would tamp down pension spiking, the state's biggest public pension fund is on the verge of adopting rules critics say would undermine its intent.

Comment?

Related Topix: Pension, Personal Finance, Jerry Brown, US Governors, Financial Services, Investment Services, Retirement, Education Etc.

Mon Aug 18, 2014

Sacramento Bee Newspaper

Governor, cities criticize pension board proposals

Gov. Jerry Brown and local government officials are warning that the state pension board is making the nation's largest public retirement system vulnerable to abusive practices known as "pension spiking" by misinterpreting reforms for new hires passed two years ago.

Comment?

Related Topix: Pension, Personal Finance, Jerry Brown, US Governors, Retirement, Financial Services, Investment Services, Long Beach, CA

•••
•••
•••
•••

Ashburn Jobs

•••
•••
•••
•••