Calpers Retirement News
- NYC Said to Weigh Sale of Private-Equity Holdings Tuesday, July 19, 2011 @ 8:27AMNew York City’s pension plans may unload a $2 billion portfolio of buyout funds to trim their private-equity relationships, said two people with knowledge of the plan.
- Business news in brief Tuesday, July 19, 2011 @ 12:31AMBoeing Co. said it landed a $4.4 million, two-year contract to install security surveillance and monitoring at three locations on the Delaware River to protect the waterfront in Delaware County.
- Calif. pension funds grow more than 20 percent Tuesday, July 19, 2011 @ 12:10AMCalifornia’s two largest public pension funds each reported hefty returns of more than 20 percent for the fiscal year ended June 30, the investment teams announced Monday.
- New option to retain experienced workers Friday, July 15, 2011 @ 9:19AMTo retire or not to retire: That’s no longer the question. The Calaveras County Board of Supervisors got the ball rolling Tuesday on a new, third option: partial retirement. The board voted 3-1 in favor of a resolution of intention, the first step toward offering the option to employees.
- Pleasant Hill recreation district struggles with tight budget Thursday, July 14, 2011 @ 5:19PMParks district looking to fund worker raises, maintenance projects
- Glendale city manager to retire Thursday, July 14, 2011 @ 12:48PMLongtime Glendale City Manager Jim Starbird will retire at the end of the year after nearly 14 years with the city, officials confirmed Wednesday.
- Placer County Water Agency July update Thursday, July 14, 2011 @ 8:47AMAUBURN -- Areas of Placer County that have limited or no access to public water supplies are under study as part of a master plan being developed by the Placer County Water Agency
- Pension reforms made in Chino Thursday, July 14, 2011 @ 8:39AMCHINO - San Bernardino Public Employees Association members working here have joined a growing list of city employees who have agreed to new pension terms.
- Ban sought on spiking of public pensions Tuesday, July 12, 2011 @ 12:48AMSACRAMENTO -- Legislation designed to keep county government employees from inflating their pensions cleared the state Senate on Monday, one of a pair of bills designed to rein in the worst public worker abuses.
- CalPERS says its pensions have $4 billion impact in Sacramento area Monday, July 11, 2011 @ 10:25PMWith the cost of public pensions still a hot political issue, a study commissioned by CalPERS shows that government retirement checks represent a potent economic benefit to the Sacramento area.
- Bill seeks to ban pension-spiking in counties Monday, July 11, 2011 @ 3:35PMDON THOMPSON Associated Press SACRAMENTO, Calif. Legislation designed to keep county government employees from inflating their pensions cleared the state Senate on Monday, one of a pair of bills designed to rein in the worst public worker abuses. The bill prohibits county workers from using raises or bonuses awarded toward the end of their careers, as well as unused vacation and sick leave, to ...
- Brazilian investment earns $160 million for CalPERS Monday, July 11, 2011 @ 11:13AMCalPERS said today it has earned a $160 million profit on a Brazilian real estate investment.
- Need for pension reform is unbending Sunday, July 10, 2011 @ 7:25PMWith compromise looking ever-more unlikely, the line in the negotiating sand between Napa County and its non–safety employees union is thickening.
- CalPERS fraud case against Tahoe businessman can proceed Sunday, July 10, 2011 @ 2:03AMBy Dale Kasler, Sacramento Bee For nearly a year, Alfred Villalobos has been able to use the bankruptcy laws to sidestep a state lawsuit accusing him of bribing officials at the California Public Employees’ Retirement System. Now California officials have won the right to pursue the $95 million case against Villalobos. A federal judge in Reno has ruled [...]
- Flamboyant Financier Refocuses After Fall Saturday, July 9, 2011 @ 3:03PMVictor B. MacFarlane, the most prominent black financier in San Francisco, is trying a comeback after being brought low by the recession.
- Hermosa Beach’s skyrocketing pension costs Friday, July 8, 2011 @ 10:52PMHermosa Beach is on the hook for nearly $14 million in unfunded pension liabilities and will face skyrocketing retiree costs that could cripple the city’s ability to provide essential services if changes aren’t made, according to a report released this week.
- City’s pension costs hit Friday, July 8, 2011 @ 8:33AMThe City of Hermosa Beach, with $14 million in unfunded pension liabilities, was one of five municipalities in Los Angeles County singled out by a civil grand jury for a cautionary analysis of high pension costs.
- Economic outlook slightly rosier Friday, July 8, 2011 @ 12:42AMA report to the City Council shows tough times aren’t over, but several local economic indicators are trending upward.
- Former Temple City mayor draws pension despite felony conviction Thursday, July 7, 2011 @ 10:51PMTEMPLE CITY - Former mayor Cathe Wilson continues to collect pension benefits, despite her felony conviction for collecting bribes from a developer.
- Redlands council to keep health benefits Thursday, July 7, 2011 @ 10:05PMREDLANDS - City Council members will continue to have the option of receiving health-care benefits after a resolution to withdraw their participation in a benefits program failed to pass.
