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California Public Employees' Retirement System

A collection of news and information related to California Public Employees' Retirement System published by this site and its partners.

Top California Public Employees' Retirement System Articles

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  • California pensions should divest coal assets: state senate leader

    California pension plans would divest all assets related to the coal industry under a measure the leader of the state senate said he will propose to reduce support for an industry that critics blame for contributing to climate change. Senate President...
  • Retired Costa Mesa police chief takes No. 2 job at Port of L.A. force

    Retired Costa Mesa police chief takes No. 2 job at Port of L.A. force
    The deputy police chief for the Port of Los Angeles — whose first day on the job was Monday — will earn more than $350,000 a year by collecting a pension on top of his new salary. Tom Gazsi retired as police chief in Costa Mesa on Sunday and...
  • Police chief's pension is near $185,000, Costa Mesa officials say

    Police chief's pension is near $185,000, Costa Mesa officials say
    Costa Mesa's outgoing police chief will receive an annual pension of about $185,000 on top of a $167,812 salary when he starts a new job at the Port of Los Angeles, city officials said. Chief Tom Gazsi is retiring from the Costa Mesa Police Department...
  • Council OKs executive pay increase

    The city of Burbank is giving a raise to its 11 department managers and two of its elected officials, but it’s also asking them to pitch in more for their state retirement benefits. Last week, the Burbank City Council unanimously approved a...
  • Venezia: Gazsi's motivation to move on becomes clear

    When the news hit that Costa Mesa Police Chief Tom Gazsi was retiring and had accepted a job as deputy chief over field operations and emergency management at the Port of Los Angeles, I was happy for him, yet sorry to see him go. But I get it. The...
  • Newport council to consider faster pension payoff

    The Newport Beach City Council will consider a plan Tuesday night to more quickly fund employee pensions. Instead of rolling forward the unfunded pension liability — the difference between the amount the city will owe in retirement benefits and...
  • Trash franchise fee to rise to help pay city pension costs

    Huntington Beach has found a way to help pay down its growing employee pension costs. City Council members voted 6 to 0 on Monday, with Mayor Matthew Harper absent, to gradually increase the franchise fee the city charges trash collector Rainbow...
  • California pension funds are running dry

     California pension funds are running dry
    A decade ago, many of California's public pension plans had plenty of money to pay for workers' retirements. All that has changed, according to a far-reaching package of data from the state controller. Taxpayers are now on the hook for billions of...
  • Turmoil at Pimco bruises its brand

    Turmoil at Pimco bruises its brand
    For years, Owen Murray believed that Pacific Investment Management Co. was a safe bet for his clients for one big reason. "They were just very, very consistent," said Murray, investment director at a financial advisory firm for wealthy individuals in...
  • Stockton bankruptcy ruling preserves city pensions

    Stockton bankruptcy ruling preserves city pensions
    A federal bankruptcy judge approved the city of Stockton's bankruptcy recovery plan Thursday and sidestepped challenges to its workers' pensions that could have threatened municipal retirement plans across the state in the years ahead. Stockton's plan...
  • In Stockton bankruptcy case, the target is the working class

    The investment house Franklin Templeton's effort to knock down the city of Stockton's proposal to emerge from bankruptcy portrays the case as one in which Franklin is defending itself against three big, faceless adversaries. These are CalPERS,...