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.
California’s two public pension systems continued to fly top officials around the globe for conferences, workshops and speaking engagements even after Gov. Jerry Brown ordered a ban on discretionary travel.
The nation’s largest public pension fund announced Monday that it will post data online about nearly half a million pensioners in an effort to be transparent.
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’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 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.
California jobs records show many full-time state workers are moonlighting with second jobs in the same department.
Moody’s is calling California’s pension reform plan a positive development for the state and local governments.
A bond insurer said lenders are losing millions in Stockton’s bankruptcy while the city continues to fund pricey pensions.
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.