California Pension Fund Return Beats Investment Earnings TargetThe nation's largest public employee pension system beat its investment earnings target last year for the second consecutive time.
Grand Jury: Oakland Facing $860M Retiree Healthcare Cost CrisisThe Alameda County Grand Jury says in its annual report that the city of Oakland’s unfunded retiree healthcare benefits are an $860 million “crisis” that is starting to undermine the city’s fiscal health and could cause its bond ratings to be downgraded.
Unfunded Debt For California Teacher Pensions Up $11 BillionCalifornia's unfunded debt for teacher pensions has grown by nearly $11 billion after officials lowered its outlook for investment earnings.
Giant California Teacher Pension System Targets Gun SellersThe world's largest teacher-only pension fund is throwing its financial might behind an effort to impose California's strict assault weapons restrictions on the rest of the nation.
CalPERS Pressured To Divest From Retailers Selling Assault RiflesCalifornia State Treasurer John Chiang is calling on the nation's largest public pension fund to stop investing in companies that sell assault-style weapons and devices that allow guns to fire more rapidly.
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.
Report: Six-Figure University of California Pensions Up 60% Since 2012A newspaper investigation finds the number of University of California retirees collecting six-figure pensions has increased 60 percent since 2012.
California Teachers Struggle As School Administrators Get Generous PensionsAs California public schools face layoffs and budget cuts, some school administrators are retiring with huge pensions.
California Teachers Struggle As School Administrators Get Generous PensionsAs California public schools face layoffs and budget cuts, some school administrators are retiring with huge pensions.
University Of California 'Recalled Retirees' Receiving $300,000+ In Annual PensionsTwenty-five University of California retirees are now collecting pensions that total more than $300,000 annually, public documents show.
San Jose Police Union Accuses City Of Going Back On Pension Reform DealSan Jose city officials are trying to renege on a tentative settlement with the San Jose Police Officers’ Association on a pension reform measure, a union spokesman alleged Wednesday.