California Public Employees Retirement System

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California Public Employees Retirement System News

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

16 hrs ago | JD Supra

Vote-Counting Standards: A Recipe for Confusion?

Shareholder voting standards was a hot topic this proxy season and will likely continue to be of significant interest next proxy season and in subsequent years.

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Related Topix: Financial Services, Investment Services

Thu Jul 24, 2014

Sacramento Bee Newspaper

As bribery case continues, CalPERS reaps profits from tainted investments

It's been one of the darkest chapters in CalPERS history, a bribery scandal that prompted a guilty plea from its former chief executive earlier this month.

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

Barron's

Calpers Hedge-Fund Investments to Drop 40% This Year: WSJ

Dan Fitzpatrick of the Wall Street Journal has fresh numbers on the effort by the California Public Employees' Retirement System , the largest U.S. public pension fund, to scale back its hedge-fund allocation: Those having second thoughts include officials at the largest public pension fund in the U.S., the California Public Employees' Retirement ... (more)

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

Wed Jul 23, 2014

The Campbell Reporter

Concord to eliminate retirement benefits, limit lifetime health coverage for future elected officials

The City Council on Tuesday took the first step to eliminate retirement benefits and limit lifetime retiree health coverage for future elected officials.

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Related Topix: Concord, CA, Financial Services, Investment Services, Clayton, CA

Sun Jul 20, 2014

RecordNET

Chap. 9: selective hearing

Stockton officials wait eagerly, perhaps impatiently, for Federal Judge Christopher Klein to make his ruling on the city's bankruptcy case.

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Related Topix: Stockton, CA, Economics News, Bankruptcy, Financial Services, Investment Services, San Joaquin, CA

Thu Jul 17, 2014

Sacramento Bee Newspaper

Another View: Divesting means losing a seat at the table

Three East Bay mayors are calling for the California Public Employees' Retirement System to divest from fossil fuel companies .

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

Tue Jul 15, 2014

The Fresno Bee

Editorial: CalPERS remains in a deep hole despite big return

Though CalPERS reported an 18% gain for the fiscal year ended last month, many challenges remain, including the outcome of criminal charges against former CalPERS Chief Executive Officer Fred Buenrostro.

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

Mon Jul 14, 2014

The Miami Herald

State public pension funds earn 18 percent returns

Two of the nation's largest public pension funds are reporting investment returns of more than 18 percent for the fiscal year.

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

Business Journal

Filling gaps: Covered California adds two new senior executives

Covered California Executive Director Peter Lee has had four senior executives added to his management team in the last week.

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Related Topix: Financial Services, Investment Services, Marketing

New York Sun

Guilty Plea of CALPERS Boss Highlights the Hypocrisy Of State Pension Complex

By the end of approximately 2007, Villalobos had made, and I had accepted, bribes totaling approximately $200,000 in cash, all of which was delivered directly to me in the Hyatt Hotel in downtown Sacramento across from the Capitol.

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

Sun Jul 13, 2014

Breitbart.com

CalPERS Former CEO Admits to Fraud and Bags of Cash

The $288 billion California Public Employees' Retirement System was rocked on July 10 when it was learned that former CEO Federico Buenrostro had cut a plea bargain with the Justice Department to turn "state's evidence" regarding steering $14 million in placement fees to former board member Alfred Villalobos in exchange for cash bribes and gifts.

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Related Topix: Financial Services, Personal Finance, Retirement, Investment Services, Pension, San Francisco County, CA, San Francisco, CA

RecordNET

The Edge -- Published July 13, 2014

A federal bankruptcy judge in Sacramento inched closer to changing all that. Commenting during a hearing on Stockton's bankruptcy case, U.S. Bankruptcy Judge Christopher Klein suggested that employees and retirees could have their pensions reduced to facilitate the city's financial reorganization.

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

Fri Jul 11, 2014

NBC29

Ex-chief of huge pension fund guilty of bribery

A former head of the nation's largest public pension fund has pleaded guilty to bribery and fraud in California The former head of the California Public Employees' Retirement System, the nation's largest public pension fund, pleaded guilty Friday to bribery and fraud.

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Related Topix: Pension, Personal Finance, Financial Services, Investment Services, Retirement, Life, Veteran Affairs, US News

Bloomberg

Ex-Calpers CEO Pleads Guilty to Fees Bribery Conspiracy

Federico Buenrostro, the former chief executive officer of California Public Employees' Retirement System , pleaded guilty to conspiracy to commit bribery.

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

Sacramento Bee Newspaper

Editorial: Pension reform comes at a price

Finally, Sacramento police officers will start paying into their own pension accounts – a positive step for the city's financial stability.

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

Thu Jul 10, 2014

Banker & Tradesman

Cushman & Wakefield Arranges $29M Financing For Waltham Office Building

The building at 850 Winter St. in Reservoir Woods office park is a three-story, 180,000-square-foot property is fully leased to several tenants including biopharmaceutical company Alkermes.

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Related Topix: Financial Services, Investment Services

Wed Jul 02, 2014

San Diego NewsCape

CalPERS Reports Water Conservation Efforts

The California Public Employees' Retirement System has saved more than 2.4 million gallons of water from March through May 2014 compared to last year at the same time as part of its effort to conserve water during California's drought.

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Related Topix: Personal Finance, Retirement, Financial Services, Investment Services, Weather, Natural Disasters, Drought, Pension

Mon Jun 30, 2014

Business Journal

Former CalPERS CEO to plead guilty in corruption case

Following years of claiming innocence, former CalPERS CEO Fred Buenrostro will plead guilty in a corruption case, his attorney said Monday.

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Related Topix: US News, Financial Services, Investment Services

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