News Archives

Articles for category Retirees

CalPERS once kicked the tobacco habit. Now it’s reconsidering

Posted Dec 16, 2016 by Jamee V    2 Comment(s)  0 Likes Like Dislike

The ongoing battle between CalPERS investing in the Tobacco industry has come to fruition this week as CalPERS is reopening a decade-long discussion about reinvesting in Tobacco after a 16-year ban. 

[Read More...]



CalPERS Knocked for Missing Wells Fargo Warning Signs

Posted Dec 09, 2016 by CSR Website Administrator    0 Comment(s)  0 Likes Like Dislike

Sacramento, CA - By Chris Reed

Critics of Wells Fargo’s scandal are raising questions about why the California Public [Read More...]



California seniors rally to lower drug costs | Yes on Prop. 61

Posted Oct 19, 2016 by Jamee V    0 Comment(s)  0 Likes Like Dislike

CSR joined with other senior groups on the Capitol steps Oct. 17 to rally in support of Prop. 61, which would help stop runaway drug prices and save the state an estimated $1 billion a year.

 

[Read More...]



Bill to raise funeral benefit is vetoed

Posted Sep 28, 2016 by Jamee Villa    0 Comment(s)  0 Likes Like Dislike

A bill that would have authorized the California Public Employees’ Retirement System to adjust the current $2,000 post-retirement death benefit for state and school retirees was vetoed by Gov. Jerry Brown on Sept. 26.
 

[Read More...]



Celebration of life for Gus Lease is set for Oct. 1 at SJSU

Posted Sep 15, 2016 by Jamee Villa    1 Comment(s)  0 Likes Like Dislike

Music was his life, so it is fitting that the celebration of life for Gus C. Lease will be in the Music Building Concert Hall at San Jose State University at 1 p.m. Oct. 1. A reception will follow on the lawn between the Music Building and the SJSU Event Center.

[Read More...]



Barbara LaPlante – CSR’s first female president – passes away

Posted Aug 18, 2016 by Dani Schenone    0 Comment(s)  -1 Likes Like Dislike

Barbara LaPlante, the first female president of California State Retirees, Inc., passed away Aug. 14. She was 89.

LaPlante also had the distinction of holding the position of president – formerly known as director – for more than 10 years, longer than any previous member of California State Retirees, Inc., which is now known as California State Retirees. She also held many other positions in the organization, including regional director.

[Read More...]



Supreme Court deadlock upholds win for unions in fee case

Posted Mar 29, 2016 by Bob Hendricks    0 Comment(s)  0 Likes Like Dislike

In this 2013, photo provided by Center for Individual Rights, Rebecca Friedrichs, a veteran Orange County, Calif., public school teacher, poses for a portrait. A tie vote from the Supreme Court means public sector unions in about half the states can continue collecting fees from workers who choose not to join. The justices on Tuesday, March 29, 2016, divided 4-4 in a case that considered whether public employees represented by a union can be required to pay "fair share" fees covering collective bargaining costs even if they are not members. Courtesy of the Center for Individual Rights via AP Greg Schneider

In this 2013, photo provided by Center for Individual Rights, Rebecca Friedrichs, a veteran Orange County, Calif., public school teacher, poses for a portrait. A tie vote from the Supreme Court means public sector unions in about half the states can continue collecting fees from workers who choose not to join. The justices on Tuesday, March 29, 2016, divided 4-4 in a case that considered whether public employees represented by a union can be required to pay "fair share" fees covering collective bargaining costs even if they are not members. 

Courtesy of the Center for Individual Rights via AP Greg Schneider.

 

[Read More...]



California’s pension debt puts it $175.1 billion in the red

Posted Mar 18, 2016 by newspaper editor    0 Comment(s)  1 Likes Like Dislike

Gov. Jerry Brown uses charts to outline his proposed 2016-17 budget. The budget pegs unfunded retiree health care debt at $71.8 billion.

Although its 2014-15 budget was balanced, California’s state government ended the fiscal year $175.1 billion in the red, thanks largely to state retirement obligations that had to be included in its balance sheet for the first time.

Under new rules by the Governmental Accounting Standards Board, state and local governments must list unfunded pension liabilities as debts alongside the more traditional bonds and other forms of debt.

[Read More...]



California to collect $20 million in CalPERS bribery settlement

Posted Mar 18, 2016 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The late Alfred Villalobos, who was accused of bribing CalPERS officials, speaking in 2008 at the dedication of a building named for him at Whittier College.

Nearing the finish line in the biggest scandal in CalPERS’ history, California officials accepted $20 million to settle civil charges over the bribery case that has hounded the giant pension fund for years.

Arvco Capital Research, a defunct Nevada investment bank owned by late financier Alfred Villalobos, agreed to pay the state $20 million to resolve a state lawsuit accusing Villalobos and his firm of bribing officials at CalPERS. The sum includes $10 million in attorneys’ fees

[Read More...]



Public pension critics launch another initiative

Posted Jan 27, 2016 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Jan. 26, 2016 /PRNewswire-USNewswire/ -- A group of nationally recognized pension reformers today announced the launch of the Retirement Security Initiative (RSI), a national, bipartisan advocacy organization focused on helping state and local governments meet their pension obligations and avoid insolvency. Spearheading the group's efforts are: former Utah State Senator Dan Liljenquist; former Lt. Governor of New York Richard Ravitch; former Mayor of San Jose Chuck Reed; former CFO of Chicago Lois Scott; and financial restructuring expert Jim Spiotto.

[Read More...]



1 2 3 4 5 6 7 8 9 10 ... 14

CSR is the largest, most experienced organization exclusively representing state government retirees!

 

Find Us

California State Retirees
1108 O Street, Suite 300
Sacramento, CA 95814

Contact Us

888.808.7197
916.326.4292
csrinfo@calretirees.org
Fax 916.326.4201

Follow Us

 
 

Hear From Us