CALPERS
Former CalPERS CEO, Board Member Charged With Fraud
Federal officials on Monday charged the former head of the nation’s largest pension fund and one of his business associates with falsifying documents and other charges in a long-running influence peddling and bribery investigation.
California Public Pension Fund Moves To Divest From Firearms
California’s largest public pension system has approved divesting from companies that make guns and high-capacity ammunition magazines that are illegal in the state.
Vacaville Police Arrest CalPERS Employee For Identity Theft
Vacaville police arrested a California Public Employees Retirement System employee Friday on suspicion of stealing the identity of a retired Vacaville resident to obtain loans without the victim’s knowledge.
Hundreds Of California State Workers Boosting Pensions By Moonlighting
California jobs records show many full-time state workers are moonlighting with second jobs in the same department.
Moody’s Says California Pension Reform A Positive Step
Moody’s is calling California’s pension reform plan a positive development for the state and local governments.
Lenders Say Stockton Bankruptcy Costing Millions, While City Continues Pension Payments
A bond insurer said lenders are losing millions in Stockton’s bankruptcy while the city continues to fund pricey pensions.
CalPERS Reports Dismal 1 Percent Return
The nation’s largest public pension fund reported a dismal 1 percent return on its investments, a figure far short of projections that will likely add pressure on California’s state and local governments to contribute more.
‘Defense Of Marriage Act’ Provision Struck Down By Oakland Federal Judge
A 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 Returns
California’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 Pensions
The 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.
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