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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 37-48
  • Man getting California's biggest public pension sues to keep it

    Man getting California's biggest public pension sues to keep it
    The man who boasted California's biggest public pension isn’t giving it up without a fight. Bruce Malkenhorst took home more than $911,000 a year as city administrator of the tiny city of Vernon. His reign ended shortly before he was convicted of...
  • L.A. Now Live: Top public pension earner sues after benefits cut

    L.A. Now Live: Top public pension earner sues after benefits cut
    The man who boasted California's biggest public pension isn’t giving it up without a fight. The California Public Employees’ Retirement System cut former Vernon city administrator Bruce Malkenhorst’s annual pension from more than $500,...
  • Bruce Malkenhorst: Poster boy for public employee pensions?

    Bruce Malkenhorst: Poster boy for public employee pensions?
    If I were a government employee in California, I'd cringe anytime I heard the name Bruce Malkenhorst. Malkenhorst worked for the tiny city of Vernon for 29 years, culminating with his tenure as city manager. He somehow persuaded his employer to pay...
  • L.A. landlord Thomas Properties will be sold to Florida REIT

    L.A. landlord Thomas Properties will be sold to Florida REIT
    Los Angeles commercial landlord Thomas Properties Group Inc., which revived downtown's massive City National Plaza, is fading from the local landscape. The company has agreed to be sold to Parkway Properties Group Inc., a real estate investment trust...
  • Workers present counterproposal

    Costa Mesa's municipal employee union presented a contract counteroffer Thursday that includes changes in pay, a reduction in sick time accrual and an increase in the employees' pension contributions. The proposed two-year Costa Mesa City Employees...
  • Burbank City Council OKs contract change

    Burbank City Council OKs contract change
    The City Council on Tuesday signed off on changes to City Manager Mark Scott’s contract after discovering — contrary to what officials thought when he was hired — that he doesn’t fall under the new employee pension system, and thus...
  • City employees get pay hikes, pay more into retirement

    Members of the Laguna Beach Municipal Employees Assn. and nonunion managers will get bigger paychecks starting July 1, but they will take on some of the costs of their retirement benefits. In a meeting Friday, the City Council approved 5% pay hikes,...
  • Schools budget gets preliminary OK

    As the school district's chief business official likes to put it, the budget has "weathered the storm" of the recession. Paul Reed, who also serves as Newport-Mesa Unified's deputy superintendent, on Tuesday presented the district's balanced,...
  • After years of deep budget cuts in Glendale, fiscal stability 'is on the horizon'

    Having slashed the municipal workforce to its lowest level since the 1990s, Glendale has settled on a new $170.7-million General Fund budget to pay for everything from libraries to police and fire services. After years of spending cuts induced by a...
  • When will enough be enough for voters?

    In December 2012, Glendale Finance Director Bob Elliott told the public, “…at some point, we’ll have more retirees than active.” In the April 20 News-Press, in the story headlined “Pension cost rise to hit city budget,&...
  • JPMorgan's Jamie Dimon facing push to drop chairman title

    NEW YORK — A major shareholder vote next week has Wall Street abuzz over the power and future of Jamie Dimon, leader of the country's biggest bank. As chairman and chief executive of JPMorgan Chase & Co., Dimon burnished his reputation by steering...
  • Glendale officials to see black ink

    Glendale officials say they expect the city to end the fiscal year next month $3.9 million in the black — money that could be used to shore up worker compensation and other funds that are in severe need of replenishment. In addition to the surplus...