Phil Matier: State Assembly To Tackle Teacher Pension Fund ShortfallThe liability, which has been building for years, is at least $71 billion.
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.
California Teacher Pensions Need $4.5B More Each Year, Report FindsA new report said California needs to pay an additional $4.5 billion a year to shore up its financially shaky teacher retirement fund.
California Teachers' Pension Fund Moves To Divest From Gun MakersThe nation’s largest teacher pension fund is taking the first step toward divesting from companies that manufacture guns and high-capacity ammunition magazines that are illegal in California.
California Teachers' Retirement Plan Invested In Gun ManufacturerThe nation’s largest teachers’ pension fund says it will review its holdings after being criticized for having an investment in the manufacturer of an assault rifle used in last week’s Connecticut school massacre.
California Teacher Pension Fund Posts Low Investment ReturnCalifornia’s teacher pension fund has earned a 1.8 percent return from investments this year, a rate that falls short of expectations and could add to the system’s shortfall.
California Teacher Retirement Fund Lowers Investment ProjectionsThe board overseeing California’s teacher pension system has lowered the fund’s investment forecast for the second time in 14 months.
Stanford Study Finds California Pension Costs SkyrocketingThe Stanford Institute for Economic Policy Research said the shortfall in the plans that cover 2.6 million California teachers, state workers and university employees is too large to be solved only by cutting future payouts.
California Auditor Adds Teacher Pensions To 'High-Risk' ListThe state auditor’s office is adding teacher pensions to the list of high-risk issues facing California government.
Brown Releases Plan For Calif. Pension ChangesGov. Jerry Brown released a 12-point proposal to revamp California's public-employee pensions Thursday.
California Teacher Pension Shortfall Grows To $56BThe pension system for California's teachers has $56 billion less than it needs to cover the benefits promised to its 852,000 members and their families.
California Pension Fund Says Reforms Would Cost MoreThe pension fund representing California teachers on Wednesday criticized a watchdog panel's proposals to overhaul state employee retirement plans and said the changes would drive costs higher and were legally risky.