Tag "CalPERS"

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CalWatchdog Morning Read – September 21

Open-government groups fighting with political ethics watchdog Most state lawmakers draw per diem even when not at work Senate candidate Kamala Harris wants free college for the working poor CalPERS forecaster wants larger contributions from state, local governments  LGBT group

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CalWatchdog Morning Read – September 20

Union battles Caltrans over costly move Gov. Brown mulls bills overseeing psych meds for foster kids Energy company won big giveaway from Legislature More on CalPERS and the state’s rising pension debt Good morning! But alas, it’s only Tuesday. CalPERS and the

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CalPERS pension fund defended by its most ferocious critic

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

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CalWatchdog Morning Read – September 19

Pensions cost taxpayers billions, but weren’t supposed to  Group sues five coastal commissioners over hundreds of alleged transparency violations Sausage making on last night of legislative session Airbnb challenges laws it doesn’t like Senate odd couple actually work together to

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CalWatchdog Morning Read – August 2

Assemblyman under domestic violence restraining order goes reclusive Largest state employees union close to going on strike? Coal divestment raises concerns “CalPERS grapples with low earnings” Supporters spend big on gun control and tax on rich ballot measures  Good morning!  After

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CalWatchdog Morning Read – July 12

State’s largest pension fund down since last year San Diego congressman swapping donations State controller dinged for late contribution reporting Oakland firm fined  over $100,000 for laundering campaign contributions Big spending by pharmaceutical Good morning! Lots of ethics and campaign

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CalWatchdog Morning Read – April 21, 2016

Economic outlook grim, reality not as bad. Plus minimum wage, pensions and taxes. Good morning. A new report on the economic forecasts and past performances of the states casts a grim view of California’s outlook, but shows past performance has

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CA sues Morgan Stanley over public pension funds

  The State of California has sued investment bank Morgan Stanley, filing a complaint in San Francisco Superior Court, seeking redress for what officials said was massive harm to its public-sector workers. “Public employees in California, including peace officers, firefighters,

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CalPERS has faith in imperiled energy status quo

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

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CA still struggling with unfunded liabilities

Despite a concerted effort from Gov. Jerry Brown to keep California from slipping back into the financial abyss, the state’s finances remain threatened by massive unfunded obligations. “It’s California’s debt and liabilities that are concerning financial analysts, particularly the state’s rapidly

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