California Public Employees Retirement System News

The California Public Employees' Retirement System is asking federal bankruptcy courts to disqualify a law firm from participating in the municipal bankruptcy proceedings of San Bernardino and Stockton because the firm allegedly hired attorneys away from a firm that was representing the pension fund giant.

Six people, including the two incumbents, are competing for the two member-at-large positions on the CalPERS board of administration.

CalPERS voted in favor of a non-binding shareholder resolution that would split the dual positions held by Jamie Dimon as J.P. Morgan Chase chairman and CEO, confirmed CalPERS spokesman Joe DeAnda.

CalPERS is trying to ban a law firm from representing a creditor in the bankruptcy of the city of San Bernardino.

The City of Santa Barbara expects its retirement costs to increase 33.7 percent by 2020 due to the massive investment losses that the California Public Employees Retirement System suffered in 2008.

Janine Guillot is stepping down as chief operating investment officer of the $258.3 billion California Public Employees' Retirement System 's investment team, Ms.

Among the large institutional investors shifting more assets to internal management, known as insourcing, are the $258.3 billion California Public Employees' Retirement System , Sacramento; the $27.3 billion South Carolina Retirement Systems , Columbia; and the $78.1 billion North Carolina Retirement Systems , Raleigh.

The California Public Employees Retirement System, also known as CalPERS, has put roughly 60,000 retirees on notice that they face a steep increase in premiums for long-term care insurance.

Fred Buenrostro, former chief executive at CalPERS, has said for years he had nothing to do with the bribery scandal that engulfed the pension fund.

Bankrupt San Bernardino has more than enough money to pay the $12 million it owes California's public pension fund, even though the city previously claimed it only had $4.2 million, the California Public Employees Retirement System said on Tuesday.

Blue Shield of California, Dignity Health , and Hill Physicians Medical Group jointly formed an accountable care organization that operates under an annual global budget reflecting total expected health spending for a defined population of individuals covered by the California Public Employees Retirement System.

Apollo Global Management LLC's cornerstone investors and two of its founders are selling a slice of their shares, demonstrating how going public makes it easier for dealmakers at alternative asset managers to cash out on their holdings.

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Tens of thousands of Californians believed to be mistakenly or fraudulently receiving benefits could soon be stricken from state health care rolls.The Sacramento Bee reports the California Public Employees' Retirement System estimated last year that removing an estimated 29,000 wrongly listed children, spouses and domestic partners of government ... (more)

A $2.9 million budget gap may mean layoffs for four full-time Humboldt County employees and the continuation of voluntary unpaid furloughs.

CalPERS continues to build out its hedge fund capability and seeks four additional investment professionals to join its six-person team, said Edigio "Ed" Robertiello, senior portfolio manager, absolute-return strategies, for the $258.3 billion fund.

Sacramento's leaders are counting on clean technology – the business of solar and wind energy, "smart" buildings and more – to help lift the region out of the economic doldrums.

For the second time this week, San Mateo County has tapped a retired public official for a key, temporary job.

Residential construction on the CalPERS-owned Questa Village subdivision on the town of Mountain House west of Tracy off Highway 205.

Some realism finally is starting to enter into the debate over the size of the unfunded liabilities for California's public-employee pensions.