Pension
San Jose, Police Union Reach Pension Agreement
The city of San Jose and its police union have reached an agreement that will reduce pensions for new officers and ends a dispute over efforts to reduce costly retirement benefits.
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.
SF City Pension Fund Asked To Divest From Wells Fargo Over Foreclosure
A group of active and retired San Francisco employees wants to stop their pension money from funding banks that have used questionable procedures to foreclose on delinquent home loans.
Martinez Sewer Worker Cashes In $145K In Sick Pay
It seems working with Martinez sewage isn’t sickening.
Grand Jury Finds San Francisco’s Pension Investments Too Risky
A grand jury said San Francisco’s pension fund investments were too risky.
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.
Cash-Strapped CoCo County Fire Departments Weigh Ballot Options, Station Closures
Skyrocketing pension costs and slumping property tax revenues could send Contra Costa County firefighters to the ballot box to help keep their stations open.
San Jose Retirees Won’t Be Getting Pension Bonus Checks
It looks like San Jose retirees will not be getting a bonus check this year from the city’s pension program after the city council voted to block those payments.
San Jose Police Union Sues City Over Pension Ballot Measure
San Jose’s police union is suing the city over a ballot measure that would reduce pension benefits.
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.
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