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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 1-12
  • State pension fund earnings beat marks

    State pension fund earnings beat marks
    The Maryland state employees' pension system reported last week that it grew to more than $40 billion during the 12 months that ended June 30 as it posted a 10.6 percent return on its investments. That performance exceeds both the state's assumption...
  • 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...
  • 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...
  • BofA to pay $16.65 billion over soured home loans in mortgage meltdown

     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...
  • 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...
  • 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...
  • 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...
  • San Bernardino starts bondholder talks two years after bankruptcy

    RIVERSIDE Calif. (Reuters) - San Bernardino, California, has begun face-to-face talks with some of its biggest creditors - bondholders and insurers - for the first time, two years after filing for bankruptcy in a case that has slowed to a crawl in the...
  • Stockton, California, amends bankruptcy plan, but pension issue hovers

    (Reuters) - The bankrupt city of Stockton, California, on Friday submitted a revised plan to exit Chapter 9 that reflects the judge's ruling over the value of a holdout creditor's collateral, but a larger question still looms over whether public...
  • 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...
  • Commentary: Pact with employees will save Costa Mesa millions

    During our two City Council meetings in September, the public will get to weigh in on the merits of a labor agreement that our general employees recently ratified. After that, the City Council will vote on whether to approve it. It took more than a...