| May 18, 2015
| 10:33 PM
San Bernardino's plan to exit bankruptcy has at least one winner, plenty of losers and could have repercussions for other California cities.
The city will pay every penny of the almost $50 million it owes to the California Public Employee Retirement...
| Mar 27, 2015
| 5:01 PM
With billions of dollars in reserve, nonprofit insurer Blue Shield of California is facing new pressure to offer better prices for its policies.
Despite its nonprofit status, the health insurance giant is usually on par or priced slightly above its for-...
| Mar 10, 2015
| 2:27 PM
Police, fire and members of the Managers Union were present at the Feb. 10 City Council meeting. The last issue on the agenda was an “Informational Report Reviewing the City’s Public Pension System (P.P.S.),” a request from...
| Feb 25, 2015
| 7:24 PM
A study by a Tustin-based think tank recently ranked Costa Mesa near the top of California cities facing financial strain for their pension obligations, but an association representing public employees dismissed the report, asserting that the study was...
| Feb 24, 2015
| 8:33 PM
State Controller Betty Yee is asking top Southern California Edison executives for information about their pay increases over the last two years at a time the company was facing soaring costs of permanently closing its San Onofre nuclear power plant....
| Feb 22, 2015
| 6:58 PM
It's been more than a decade since former Gov. Arnold Schwarzenegger regularly talked about his dream of building a "hydrogen highway" that would speed fleets of non-polluting cars from Mexico to Canada.
The vision never materialized anywhere other than...
| Feb 8, 2015
| 5:00 AM
In early 2007, Ted Eliopoulos took over as head of the massive real estate investments division at the California Public Employees' Retirement System, just as global real estate markets were about to implode.
Housing prices were sliding, subprime...
| Feb 5, 2015
| 8:25 AM
The California Public Employees' Retirement System said it named Paul Mouchakkaa, a Morgan Stanley managing director, as head of its still-recovering $30-billion real-estate portfolio.
Mouchakkaa had been global head of research and strategy for...
| Feb 4, 2015
| 7:35 PM
The nation's richest public pension fund was a big winner in the settlement with Standard & Poor's Financial Services over its ratings on mortgage-backed securities lawsuits.
But that doesn't mean that the California Public Employees' Retirement System,...
| Feb 2, 2015
| 8:52 PM
In May 2004, as the U.S. housing market was heating up, Standard & Poor's Financial Services lost to a rival a huge deal to rate mortgage-backed securities to be issued by a major Japanese bank.
The reason? S&P's credit standards were too high, an...
| Jan 20, 2015
| 6:27 PM
Board members of CalPERS, the country's largest public pension fund, Tuesday reelected labor leader Rob Feckner to an 11th one-year term as president.
Rob Feckner, 57, has worked for the Napa Unified School District for 38 years, starting as a bus...