Cases Could Open Door To Pension Cuts For California WorkersFor decades in California, a sacrosanct rule has governed public employees' pensions: Benefits promised can never be taken away.
California Pension Crisis An Increasing Drag On Cities, CountiesCities and counties across the U.S. are going broke trying to keep up with public pension debt. The pension crisis was the topic of a Stanford University media workshop that KPIX 5 attended this week.
CalPERS Board Votes To Raise Cost Of Pensions For State WorkersThe surging stock market is doing wonders for 401k plans, but a pension fund that millions of Californians count on has been losing an enormous amount of money.
California Sues Morgan Stanley, Alleges 'Culture Of Greed And Deception'California's public pension funds suffered major losses due to misrepresentations made by Morgan Stanley, a lawsuit filed Friday claims.
CalPERS Nets $130M In Suit Alleging Moody's Gave Strong Scores To Bad InvestmentsThe nation's largest public pension system says Moody's has agreed to pay $130 million to settle a lawsuit alleging the investment rating agency negligently gave strong scores to bad investments.
Fact Check: Brown, Kashkari Provide Partial Truths In Only Gubernatorial DebateDemocratic Gov. Jerry Brown and his Republican challenger, Neel Kashkari, covered a lot of ground in Thursday's night gubernatorial debate. An examination of some of the issues they debated and a reality check on some of their claims:
CalPERS Charging Central Valley Workers Bay Area Prices For Health CareThe Bay Area is typically thought of as nine counties. CalPERS, which handles benefits for state employees, sees it much bigger, including the Sierra Foothills and even areas north of Sacramento.
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.
CalPERS Spent Over $1M Discretionary Travel Despite Governor's BanCalifornia’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.
CalPERS To Post Data Of 500,000 Pensioners OnlineThe 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.
Former CalPERS CEO, Board Member Charged With FraudFederal 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 FirearmsCalifornia’s largest public pension system has approved divesting from companies that make guns and high-capacity ammunition magazines that are illegal in the state.