CSR | Legislative Activity
Articles for category Retirement

U.S. ranks 19 among 150 countries for retirement

Posted Feb 19, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The 2015 Natixis Global Retirement Security Index put Switzerland at the No. 1 spot in its annual ranking of the well-being and “life conditions” that pre-retirees and retirees can expect across 150 countries. The prospects for current and aspiring retirees in America is less good: The U.S. is stuck at No. 19, where it’s been for the past three years. That means it beat out No. 20, Slovenia (hurray!), but trails countries including Luxembourg, Iceland, and Belgium.

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CSR Legislative Report

Posted Feb 09, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The following PDF is a list of Bills that CSR is supporting, opposing, or watching.

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Feckner and Jones are elected as CalPERS president and vice president

Posted Jan 21, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The California Public Employees' Retirement System (CalPERS) Board of Administration unanimously re-elected Rob Feckner as Board president and elected Henry Jones as vice president. Feckner will be serving his 11th term as president, while it will be Jones' first vice presidential term.

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Figure in CalPERS corruption case apparently commits suicide

Posted Jan 14, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

In failing health and facing up to 30 years in prison, businessman Alfred Villalobos apparently committed suicide before going on trial in connection with the bribery scandal at CalPERS.

Villalobos’ attorneys, appearing at a pre-trial hearing in U.S. District Court on Wednesday, disclosed that Villalobos died the day before. His death ends the government’s criminal case against the Nevada businessman –and largely closes the books on a corruption scandal that roiled the nation’s largest public pension fund.

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Key figure in CalPERS corruption case dies

Posted Jan 14, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The Sacramento Bee reported Jan. 14 that Alfred Villalobos, accused of bribing former CalPERS Chief Executive Officer Fred Buenrostro to influence the fund’s business decisions, has died.

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CalPERS fiscal health improves

Posted Jan 14, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

A new report on the fiscal health of CalPERS shows an estimated funding level of 77 percent for the Public Employees’ Retirement Fund (PERF) in 2014 – a positive growth of more than 7 percentage points over 2013. The PERF was funded at 69.8 percent as of June 30, 2013 based on the most recent actuarial value of assets. The PERF is the main pension trust fund that pays retirement benefits.

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CSR's legislative advocate Ted Toppin reviews the governor's proposed budget

Posted Jan 09, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Budget deliberation kicked off in the Capitol this morning with the release of Governor Brown’s proposed 2015-2016 state budget.  He proposes $113.3 billion in general fund and $51.4 billion in special fund expenditures making for a $164.7 billion spending plan.  This represents a 1.4 percent bump over current year spending.

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Governor releases his proposed state budget

Posted Jan 09, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Governor Edmund G. Brown Jr. on Jan. 9 proposed a balanced budget that injects billions of dollars more into schools and health care coverage, holds college tuition flat and delivers on Propositions 1 and 2 by investing in long overdue water projects and saving money, while continuing to chip away at the state’s other long-term liabilities – debt, infrastructure, retiree health care and climate change.

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CalPERS issues statement on proposed state budget

Posted Jan 09, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

 Anne Stausboll, Chief Executive Officer for the California Public Employees’ Retirement System (CalPERS) issued the following statement today in response to the proposed state budget and efforts to reduce health care costs today and in the future:

"Managing and paying for the cost of health care for public employees requires discipline, collaboration and innovation. We applaud the Governor’s wisdom to do what CalPERS and many public employers have done in recent years, tackling the cost of health care and retiree health care," Stausboll said.

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Brown's budget aims at retiree costs

Posted Dec 18, 2014 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

It’s official: Gov. Jerry Brown’s January budget proposal will include a plan to reduce the nearly $72 billion in unfunded promises the state has made to pay retiree health benefits.

Now how to pay it? Answer: Money in the rainy day fund that voters approved just last month, Proposition 2.

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