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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

Displaying items 23-33
  • 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...
  • Just when you thought you've heard it all on pensions....

    To the editor: Why should a library staff member receive a bonus for helping a patron? Why should a jail worker receive a bonus for answering a question from the public? Surely those activities are part of the employee's job description. ("99 ways to...
  • Stockton bankruptcy ruling will decide fate of public pensions

    Stockton bankruptcy ruling will decide fate of public pensions
    In a closely watched case, a federal judge on Thursday is expected to decide whether the bankrupt city of Stockton can continue to pay employees generous pensions that soon could consume one-fifth of municipal revenues. The ruling has been much...
  • Judge approves Stockton bankruptcy plan; worker pensions safe

    Judge approves Stockton bankruptcy plan; worker pensions safe
    A federal bankruptcy judge approved the city of Stockton’s bankruptcy recovery plan, allowing the city to continue with planned pension payments to retired workers. The case was being closely watched after the judge ruled this month that the city&...
  • Can employees' pension benefits be cut?

    Can employees' pension benefits be cut?
    Could a city in bankruptcy be required to cut its employees' pensions as part of its reorganization plan, as a matter of fairness to other creditors taking cuts? Christopher M. Klein, the chief federal bankruptcy judge in Sacramento, answered that...
  • 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...
  • 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...
  • 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...
  • Anthem, HealthCare Partners save $4.7 million by coordinating care

    Anthem, HealthCare Partners save $4.7 million by coordinating care
    Insurance giant Anthem Blue Cross and the HealthCare Partners physician group say a new effort to coordinate care among 55,000 patients helped save $4.7 million. In results released Friday, the two companies said their collaboration, known as an...
  • 99 ways to boost pensions in California -- at public cost

     99 ways to boost pensions in California -- at public cost
    Directing traffic is part of a police officer's job, and in the city of Fountain Valley, keeping cars moving comes with a $145 monthly bonus — and a bigger pension. Fountain Valley officers can also pump up their pensions by working with police...
  • A look at some of the pension-boosting perks

    A look at some of the pension-boosting perks
    The board of the California Public Employees' Retirement System voted to add to a recent pension reform law 99 bonuses that can boost workers' current paychecks and also their future pensions. Here are some of these retirement-enhancing bonuses: • ...