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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 34-44
  • Bankrupt San Bernardino, California, can cut firefighter benefits, judge says

    RIVERSIDE Calif. (Reuters) - The city of San Bernardino, California, may impose cuts to its firefighters overtime and pension benefits in a bid to reach a bankruptcy exit plan, the federal judge overseeing the case said on Thursday. In a tentative...
  • More public-employee pension nonsense in California

    To the editor: An oxymoron is a figure of speech producing an incongruous, self-contradictory effect, as in "employee retirement contribution." ("Pension spiking could cost CalPERS nearly $800 million," Sept. 9) State Controller John Chiang's audit says...
  • Grand jury data on pension liabilities paint varied pictures

    In a report aiming to evaluate how cities are being affected by pension liabilities, the Orange County Grand Jury called for area cities to make more budget information readily available. Lacking the desired data, the 2013-14 group tried to use its...
  • California city looks to quit Calpers, fears it can't afford to

    LOS ANGELES (Reuters) - Officials in Villa Park are considering pulling the tiny California city from Calpers, saying the monthly costs of the state's giant public pension system are crippling the municipal budget. But Villa Park fears that pulling out...
  • Who's minding public pensions?

    In September 2012, Gov. Jerry Brown signed into law a modest pension reform measure that tried to close some of the loopholes that could inflate pensions. Last week the board of the California Public Employees' Retirement System, or CalPERS, diluted...
  • Ethics panel wants stiffer penalty for CalPERS' Priya Mathur

    Ethics panel wants stiffer penalty for CalPERS' Priya Mathur
    The state's ethics panel is taking a get-tough stance toward a board member of the nation's biggest government pension fund, who has repeatedly failed to file legally required disclosure reports. In an unusual move, the Fair Political Practices...
  • BofA to pay $16.65 billion over soured home loans in mortgage meltdown

    Bank of America Corp. will pay a record $16.65 billion to resolve government claims over soured home loans in what is probably the last major settlement stemming from the mortgage meltdown. The deal also largely closes the chapter on the bank's...
  • California Governor decries Calpers vote on pensions

    LOS ANGELES (Reuters) - California Governor Jerry Brown decried a move by the state's giant public pension fund on Wednesday to include temporary pay hikes in the way pensions are calculated for newly hired workers. The board of the California Public...
  • Pension change draws reprimand from Jerry Brown

    Gov. Jerry Brown criticized a Wednesday decision by pension officials allowing temporary pay increases to trigger bigger retirement benefits for some public employees. The governor originally objected to the change in an Aug. 15 letter, but the board of...
  • Bank of America to pay record $16.65 billion to settle mortgage claims

    Bank of America to pay record $16.65 billion to settle mortgage claims
    Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during the subprime housing boom, the largest settlement by a single company in U.S. history, the Justice...
  • State ethics panel again proposes fining CalPERS board vice president

    State ethics panel again proposes fining CalPERS board vice president
    The vice president of the California Public Employees' Retirement System Board of Administration, Priya Mathur, has once again run afoul of the state ethics board. The state's political watchdog agency, the Fair Political Practices Commission, on Monday...