Articles for category CalPERS
Lawmakers on Wednesday reacted skeptically to a controversial new proposal to lower public employee pensions throughout state and local government.
"Frankly, I just don't see this happening," said Sen. Alex Padilla during a joint meeting of Assembly and Senate committees that oversee public employee compensation.
In what could become a turning point in Gov. Jerry Brown's effort to close California's $26.6 billion deficit, a group of Republican state senators may support the Democratic governor's plan to ask voters for extended tax increases, in exchange for concessions, people familiar with the matter said. [Read More...]
PERSWatch will sponsor a “CalPERS Candidates’ Forum,” moderated by the League of Women Voters of Sacramento County, on Tuesday, April 26, 2011 from 6:00 p.m. to 8:00 p.m.
The forum will take place in the CalPERS Auditorium, Lincoln Plaza North, 400 P Street, Sacramento, California.
On the 99th night of the fiscal year, California lawmakers were still debating late Thursday whether to pass a budget, already the latest spending plan in state history. [Read More...]
The Schwarzenegger administration and Service Employees International Union Local 1000 have just announced a tentative labor agreement that includes higher employee contributions to their retirement plans and rolls back pension formulas for new hires to pre-1999 levels. [Read More...]