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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

CalPERS knocked for missing Wells Fargo warning signs

Chris Reed November 29, 2016

Critics of Wells Fargo’s scandal are raising questions about why the California Public Employees’ Retirement System — which for three decades has demanded that corporations it invests in must operate under a clear ethical code — didn’t question illicit banking

CalPERS staff nudges board to consider lower return rates

Steven Greenhut November 22, 2016

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

CalPERS pension fund defended by its most ferocious critic

Chris Reed September 19, 2016

The Los Angeles Times wasn’t the only big American newspaper with a big spread on the California Public Employees’ Retirement System this weekend. The New York Times had one as well. The West Coast Times focused on the misleading campaign

CalPERS has faith in imperiled energy status quo

Chris Reed March 28, 2016

Is the California Public Employees’ Retirement System about to make another big mistake with a mistimed investment strategy, this time in the industrial solar sector? Beginning 13 years ago, CalPERS invested heavily in real estate at the height of the

CalPERS board accused of bullying, deceit, flouting laws

Chris Reed December 9, 2015

A member of the CalPERS board has gone rogue, using public records laws to get documents from the agency while facing warnings that it is unacceptable for him to criticize staff at board meetings. Ed Mendel has details at Calpensions.com:

Finance Department urges CalPERS to reduce risk

Dave Roberts October 30, 2015

The California Public Employees’ Retirement System is considering reducing its investment risk with a plan that would be so ineffectual it could lead to a “rate shock” when the pension bills come due, according to the California Department of Finance.

Worst-case scenarios for CalSTRS and CalPERS

Wayne Lusvardi March 4, 2015

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

CalPERS reacts to Anthem security breach

John Seiler February 5, 2015

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 —

Comparing CalPERS and CalSTRS with AT&T retirement

Wayne Lusvardi January 27, 2015

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