Former California Pension Fund CEO Given 4.5-Year Prison Sentence For BriberyA judge sentenced the former CEO of California's public pension fund to 4.5 years in prison after admitting he took over $200,000 in bribes.
Public Employee Pensions Gets $299M In JPMorgan Chase Settlement JP Morgan Chase & Co. will pay nearly $300 million to California's public employee and teacher pension funds as part of a settlement related to mortgage-related investments.
'Defense Of Marriage Act' Provision Struck Down By Oakland Federal JudgeA federal judge ruled in Oakland that the state’s public-employee pension system must make long-term care insurance equally available to same-sex spouses and partners.
CalPERS Lowers Forecast For Investment ReturnsCalifornia’s largest public pension fund has voted to lower its estimate for annual investment returns, meaning it will need more money from the state, school districts and local governments to maintain its ability to fund promised retirement benefits.
San Jose City Council Members Seek To End Their Own PensionsThe city council voted unanimously on Tuesday to notify the California Public Employees' Retirement System that the city intends to end the pension plan for council members.
Oakland Federal Judge Rules For Gay Rights Backers In Health SuitA federal judge has issued a favorable ruling for gay-rights advocates involving state employees and long-term health care.