Tag "CalPERS"

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Bad news for U.S. is good news for CalPERS, CalSTRS

The California Public Employees’ Retirement System has not had a good 2016. Its investment returns were microscopic, it faced sharp criticism from a prominent financial website for alleged unethical behavior and Gov. Jerry Brown had to intervene to prevent the nation’s largest

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CalPERS considers – then rejects – efforts to end tobacco divestment

SACRAMENTO – As the nation’s largest state-based pension fund, the California Public Employees’ Retirement System is known for using its massive investment muscle to promote various social-investment causes. So-called ESGs – Environmental, Social and Governance issues – are a major

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CA Supreme Court to review pension case with nationwide implications

  Reigniting a perpetually smoldering debate with nationwide implications, the California State Supreme Court agreed to consider whether rules cracking down on pension boosting strategies could be applied to unionized government workers.  “A state appeals court in San Francisco ruled in a

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CalWatchdog Morning Read – November 29

Mr. Issa goes (back) to Washington Democrats grab legislative supermajorities Police-reform spotlight shines on the local level CalPERS misses Wells Fargo warning signs Startup aims to end dial-for-dollars How CA became so blue Good morning. Happy Tuesday. The Associated Press

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CalWatchdog Morning Read – November 22

Democratic supermajority in Legislature Pension costs going up? Calexit initiative filed But do they know how hard secession would be? Silicon Valley picked the wrong candidate. Now what? Good morning. Happy Tuesday, also known informally around the CalWatchdog newsroom as “Almost

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CalPERS staff nudges board to consider lower return rates

SACRAMENTO – There’s bad news coming down the pike for California municipalities following several days of board meetings for the nation’s largest state-based pension fund. Although no action has been taken, it’s clear the California Public Employees’ Retirement System, or

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CalWatchdog Morning Read – November 17

All eyes on SoCal state Senate race More details of personal spending from SD congressman’s campaign account Trouble for Pelosi? State senator wants total ban of sex offenders in schools Small Sierra town defaults on pension contributions Good morning! TGIT.

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DMV ‘meltdown’ latest in long list of CA computer woes

The government of the state that is home to Silicon Valley and is widely considered the global leader in innovative technology continues to be plagued by problems with computers. On Friday, the California Department of Motor Vehicles reported things were

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Union appeal focuses attention on pension precedent

SACRAMENTO – A decision by four Marin County public-employee associations to appeal a pension-related case to the California Supreme Court could ultimately determine whether localities have the tools needed to rein in escalating pension debt. At issue is how far

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