California Public Employees Retirement System

California Public Employees Retirement System Newswire (Page 10)

Comprehensive Real-Time News Feed for California Public Employees Retirement System. (Page 10)

Results 181 - 200 of 1,264 in California Public Employees Retirement System

  1. Second & FlumeRead the original story w/Photo

    Nov 27, 2014 | NewsReview.com

    A few weeks ago, I joked with my CN&R colleagues about starting an office pool on who would retire first: Chico Police Chief Kirk Trostle or Chico State President Paul Zingg. I'd just heard a rumor that Trostle was fully vested - meaning he'd spent enough time on the job to retire with a yearly pension of 90 percent of his highest salary for the rest of his life.

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  2. Newport adopts 19-year payment plan for employee pensionsRead the original story

    Nov 26, 2014 | The Wave

    Newport Beach's City Council voted unanimously Tuesday to use a 19-year plan to pay off the city's California Public Employees Retirement System retirement funds instead of the typical 30-year schedule. The city's unfunded liability, the difference between how much it will owe in retirement benefits and the money it has already set aside, is projected to hit $273 million at the end of the 2014-15 fiscal year, according to a city report.

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  3. EDITORIAL: Lessons from San BernardinoRead the original story w/Photo

    Nov 25, 2014 | The Press-Enterprise

    This month, it was confirmed that the city of San Bernardino would not touch public employee pensions in resolving its bankruptcy. Despite a recent ruling from the Stockton bankruptcy proceedings that agreements with the California Public Employees' Retirement System could be amended by bankrupt cities, neither Stockton nor San Bernardino will be following up on that controversial route.

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  4. Bloomberg briefing, Nov. Read the original story w/Photo

    Nov 24, 2014 | SFGate

    That's how much the $300 billion California Public Employees' Retirement System , the largest U.S. public pension, paid in bonuses last fiscal year, an increase of 14 percent from a year earlier as earnings exceeded benchmarks. CalPERS paid $8.7 million in bonuses to investment staff in the year ended June 30, and almost $300,000 to four non-investment executives, according to data provided by the system.

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  5. CalPERS bonus payouts climb 14% to $9 Read the original story w/Photo

    Nov 24, 2014 | SFGate

    The $300 billion California Public Employees' Retirement System , the largest U.S. public pension, paid $9 million in bonuses last fiscal year, up 14 percent from a year earlier as earnings exceeded benchmarks. CalPERS paid $8.7 million in bonuses to investment staff in the year ended June 30, and almost $300,000 to four non-investment executives, according to data provided by the system.

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  6. California Pension Fund Bonus Payouts Climb 14% From Prior YearRead the original story

    Nov 24, 2014 | Bloomberg

    The $300 billion California Public Employees' Retirement System , the largest U.S. public pension, paid $9 million in bonuses last fiscal year, up 14 percent from a year earlier as earnings exceeded benchmarks. The fund, known as Calpers, paid $8.7 million in bonuses to investment staff in the year ended June 30, and almost $300,000 to four non-investment executives, according to data provided by the system.

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  7. Hedge fund Breton Hill retools after Calpers cutsRead the original story w/Photo

    Nov 24, 2014 | The Globe and Mail

    Breton Hill lost its biggest backer after Calpers announced it would withdraw all its hedge fund investments, but the company believes its stake in Purpose Investments, founded by Som Sief, pictured, offers lots of scope for growth. It's been a chaotic year for Toronto-based asset manager Breton Hill Capital Ltd. Around the same time that the firm's big backer, the California Public Employees Retirement System , decided to exit its hedge fund investments, Breton Hill's head count was halved from 12 to six.

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  8. Nevada County Consolidated approves union contract, COLA increases for firefightersRead the original story w/Photo

    Nov 22, 2014 | The Union

    ... paying 2.4 percent of their salaries into their own pension benefits with California Public Employees Retirement System. Carrington said the raises, the first since 2008, will make Consolidated more competitive and thus more attractive for retaining ...

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  9. CalPERS Board Selects Federal Health RepresentativeRead the original story

    Nov 20, 2014 | San Diego NewsCape

    The California Public Employees' Retirement System Board of Administration selected this week the joint venture of Avenue Solutions/Jennings Policy Strategies as its federal representative for the areas of health, long-term care policy, and health care delivery issues before the Executive Branch and U.S. Congress. "Having a specialized representative will enable us to play a stronger role in health-related national policy development that will continue to enhance the long-term sustainability and effectiveness of our programs," said Board President Rob Feckner.

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  10. CalPERS program to drop ineligible dependents delivers $106.3M in savingsRead the original story w/Photo

    Nov 20, 2014 | Business Journal

    As the California Public Employees' Retirement System continues to shed ineligible dependents from its health benefits program, state, public agency and school employers are looking at savings of more than $106.3 million. In an effort to control rising health care costs, CalPERS launched an effort last year to verify the eligibility of the more than 730,000 dependents in the program and bounce those who shouldn't be on the rolls.

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  11. Gatwick Airport records busiest six months on recordRead the original story w/Photo

    Nov 19, 2014 | West Australian

    Gatwick Airport, Britain's second busiest airport which is competing to be chosen as the site for a new runway, reported the six months ended Sept. 30 were its busiest on record, with passenger numbers in the period up 8 percent.

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  12. CalPERS to go unchallenged in San Bernardino bankruptcy planRead the original story

    Nov 19, 2014 | Pensions & Investments

    San Bernardino said it won't try to reduce its obligations to the $296 billion California Public Employees' Retirement System despite a recent ruling opening the powerful pension fund to such challenges in bankruptcy court.

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  13. Burris named interim Stallion Springs general managerRead the original story w/Photo

    Nov 19, 2014 | Tehachapi News

    Brad Burris has been named interim general manager for Stallion Spring CSD. Burris served as the district's police chief for 19 years before retiring in 2013.

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  14. San Bernardino To Pay Pensions Despite BankruptcyRead the original story w/Photo

    Nov 19, 2014 | CBS Local

    The city of San Bernardino has agreed to pay the California Public Employees' Retirement System all that it owes in bankruptcy proceedings, the second city in recent months to opt to keep pensions intact despite a court ruling that says the benefits can be slashed if the employer is bankrupt. A filing Monday in U.S. Bankruptcy Court in Riverside spelled out a deal in which the city will make up $13.5 million in payments it missed since it declared bankruptcy in 24 equal installments, plus interest and fees, over the next two years, starting in July, the San Bernardino Sun reported Wednesday.

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  15. Editorial: New online pension figures show need for reformRead the original story w/Photo

    Nov 19, 2014 | Marin Independent Journal

    State Controller John Chiang has begun posting online the assets and obligations of public pension programs across the state. The figures are troubling, showing taxpayers that more of the tax dollars they pay will go to public workers' retirement checks and benefits.

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  16. Trash franchise fee to rise to help pay city pension costsRead the original story

    Nov 19, 2014 | Huntington Beach Independent

    City Council members voted 6 to 0 on Monday, with Mayor Matthew Harper absent, to gradually increase the franchise fee the city charges trash collector Rainbow Environmental Services. The fee will rise from 5% of Rainbow's gross receipts from commercial services in Huntington Beach to 12% over the next 2 1/2 years.

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  17. Newport Beach seeks to fund employee pensions quickerRead the original story

    Nov 19, 2014 | The Wave

    The City Council's Finance Committee met this week to look at ways to pay off obligations to their California Public Employees Retirement System plans sooner as a cost-saving measure. The city's unfunded liability, the difference between how much the city will owe in retirement benefits and the money it has set aside, is projected to be $273 million at the end of the 2014-15 fiscal year, according to a city report.

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  18. Blackstone chases Buffett with 'core' private equity: ReutersRead the original story w/Photo

    Nov 19, 2014 | PE Hub

    Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10-year private equity fund, according to people familiar with the matter. Dubbed "core" private equity, this vehicle would invest in slower-growing but safer companies, use less debt in buyouts and charge investors lower fees than most private equity funds, these people said.

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  19. Calpers' exit from hedge funds hasn't sparked copycatsRead the original story

    Nov 19, 2014 | Reuters

    Pension funds across America are not expected to follow in the footsteps of the California Public Employees Retirement System, which sent shock waves through the industry with its decision to abandon hedge funds, a prominent investor said on Tuesday. "What is interesting is that the Calpers' decision is resonating more in the endowments and foundations world but much less in the pension fund world," said Jane Buchan, chief executive officer of Pacific Alternative Asset Management , which invests roughly $10 billion in hedge funds for clients, including pension funds.

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  20. PG police say city faces staffing crisisRead the original story w/Photo

    Nov 18, 2014 | Monterey County Herald

    PACIFIC GROVE >> More than 10,000 city residents on Tuesday received a letter from the Pacific Grove Police Officers' Association suggesting that the police department may be at risk of shutting down because of hiring and retention problems. The letter contains this dire prediction: “The bottom line is that if things do not improve by the end of the year, your local police department will cease to exist shortly thereafter.” Union spokesman Carl Lafata said officer hiring has reached a low largely because of reduced police benefits, which he says essentially makes Pacific Grove officers the lowest paid on the Monterey Peninsula.

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