| Jun 25, 2015
| 6:28 PM
The nation's biggest public pension fund is falling far short of its annual investment goals, a setback for a system already straining to keep up with looming obligations.
The California Public Employees' Retirement System earned only 3% in the 10...
| Jun 25, 2015
| 10:38 AM
The nation’s biggest public pension fund is falling far short of its annual investment goals.
The California Public Employees’ Retirement System earned only 3% in the 10 months ending April and will likely fall short of its 7.5% annual...
| Jun 18, 2015
| 9:00 AM
One of the nation's biggest healthcare buyers, the California Public Employees' Retirement System, said its HMO premiums are rising by 7.2% next year as pharmacy costs climb.
Rates for PPO, or preferred provider organization, plans are going up even...
| Jun 8, 2015
| 6:39 AM
The California Public Employees' Retirement System plans to cut in half the number of Wall Street firms it pays to manage its $303 billion fund, an effort to cut down on high fees that drag down returns.
The plan, outlined by internal staff in a...
| 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...