Tag "CalPERS"

Back to homepage

CA pension reformers push ballot measure

The struggle over reforming California’s public pension system has been taken up a new notch. Given the poor track record of past efforts to reform pensions on the statewide level, a bipartisan alliance of former municipal leaders, including ex-San Jose Mayor Chuck Reed and

Read More

Campaign 2016: Bipartisan group files pension reform initiative

The battle over California’s out-of-control public employee pensions could soon move from the courtroom to the ballot box. A bipartisan group of pension reform advocates, led by former San Jose Mayor Chuck Reed and former San Diego Councilman Carl DeMaio, recently filed a

Read More

Pension funds’ goal: High returns or symbolic stands?

Government pension funds around America have for years been pressured to take stands on political issues by investing or not investing in particular companies or industries. Pension fund managers bent on maximizing returns typically push back, especially in an era

Read More

CA city bankruptcies unnerving bond industry

The fallout from municipal bankruptcies in Stockton and San Bernardino continues to play out in unexpected ways, with old presumptions that most significant creditors would be treated similarly falling to the way side. This week, Franklin Templeton filed vigorous objections

Read More

Courts: Maybe public pensions can be cut

One theme CalWatchdog.com has covered over the years is that public pension programs are not sacrosanct. Although the general interpretation of the California Constitution is that the pensions must be paid — no matter what — if there’s no money,

Read More

California’s Beltway delegation double-dips on pensions

They’re called double-dippers: those who take a pension payout from one government job while earning a salary doing another. Last year 19 of California’s 55 members of the U.S. Congress drew pensions from a state-backed public retirement plan, according to a CalWatchdog.com

Read More

DeMaio, Reed team up for 2016 pension fight

The dynamic duo of California pension reform are teaming up in 2016. Former San Diego City Councilman Carl DeMaio and former San Jose Mayor Chuck Reed, both of whom successfully passed pension reform in their respective cities during their time

Read More

Worst-case scenarios for CalSTRS and CalPERS

Sometimes it’s good to consider worst-case scenarios. Maybe they won’t even happen, but it can help to look at every possibility. Two analysts have done that for California’s two biggest pension systems. As of the most current figures, the California Public

Read More

CalPERS reacts to Anthem security breach

The hacker attack on health insurance provider Anthem Blue Cross announced last night in particular affects hundreds of thousands of members of the California Public Employees’ Retirement System. But a security expert told CalWatchdog.com the breach is not critical —

Read More

Comparing CalPERS and CalSTRS with AT&T retirement

Following yesterday’s CalWatchdog.com story, “State pensions improve, but members living longer,” it would be useful to compare California’s two large state retirement funds with a roughly equivalent private one, AT&T. Most private companies have switched to “defined contribution” pension plans, in

Read More