CSR | Legislative Activity
Articles for category CalPERS

CalPERS Board Adopts 2012 Health Benefits Rate Package

Posted Jun 16, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The California Public Employees’ Retirement System’s Board of Administration on June 15 adopted a 2012 health care rate package with an overall annual premium increase of 4.1 percent for more than 1.3 million CalPERS members.

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CalPERS Ambassador Program is Coming to Southern California

Posted Jun 16, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

All CalPERS retirees are invited to participate in CalPERS Ambassador Program at the El Dorado Park Senior Center in Long Beach Sept. 27.

The volunteer Ambassadors will receive education, training and communications so they can better understand, and in turn better communicate, the facts about their retirement benefits. Ambassadors will come together for an initial training and then receive timely facts and outreach ideas via e-mail.

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The Outlook at Calpers Is Brightening, a Little

Posted May 19, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Wall Street Journal, May 19, 2011

The nation's biggest pension fund is on target to notch one of its strongest annual returns in the past 20 years, performance that is helping the fund regain its health and its confidence.

But state residents still are being stung by the California Public Employees' Retirement System's funding gap, showing the deep hole into which many pension funds have dug themselves.
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State contributions to CalPERS will fall in the coming year

Posted May 17, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The state's annual contribution to CalPERS will fall slightly in the upcoming fiscal year, the pension fund announced today.

CalPERS said the state's contribution in the new fiscal year will hit $3.51 billion. That compares with $3.68 billion in the current year. [Read More...]

California public employees get more compensation, disputed report says

Posted May 06, 2011 by newspaper editor    0 Comment(s)  2 Likes Like Dislike

Battle lines sharpened Thursday over California's public pensions with the release of a new report that concludes pay and benefit packages for public workers are better than those for their counterparts in the private sector.

Commissioned by pension overhaul advocates poised to seek changes, the report drew immediate fire from public employee unions, which have muscled up to fight the emerging pension wars.

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CalPERS officials to speak in Palm Desert May 6

Posted Apr 15, 2011 by newspaper editor    1 Comment(s)  2 Likes Like Dislike

All working and retired members of the California Public Employees’ Retirement System (CalPERS) and their guests are invited to a question-and-answer session with three CalPERS officials in Palm Desert Friday, May 6. [Read More...]

CalPERS: The Job Machine

Posted Apr 13, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Republicans and pension busters have been whacking CalPERS like a pinata for the past year. But here's something they don't like to talk about: CalPERS is a huge job creator in California. And weakening it would be a major drag on the state's economy.

CalPERS has invested more than $17 billion in California-based companies, properties and projects, helping to generate nearly one million jobs throughout the State, the California Public Employees' Retirement System (CalPERS) Investment Committee was told on Monday.

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Calif. senators differ on Social Security fixes

Posted Apr 12, 2011 by newspaper editor    1 Comment(s)  0 Likes Like Dislike

When it comes to shaping the future of Social Security, Sen. Dianne Feinstein says "everything should be on the table," including gradually raising the retirement age.

Sen. Barbara Boxer takes a different view. She is co-sponsoring legislation that would require a two-thirds majority vote before Congress could proceed with any legislation that would reduce benefits, increase the retirement age or transition the program to private accounts.

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A Message from CalPERS CEO Anne Stausboll

Posted Apr 08, 2011 by newspaper editor    1 Comment(s)  0 Likes Like Dislike

Dear CalPERS Members, Employers and Stakeholders,

CalPERS recently took bold action and made public a report that chronicles in sobering detail the alleged wrongdoings of its former Chief Executive Officer and several former Board Members.

It is not possible to explain or excuse the chronicled actions of these former officials and we will make no attempt to do so. I am truly sorry that our members and the taxpayers who support the incredibly important work of every public servant have been placed in a position where they might question the integrity of this organization.

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CalPERS to seek legislation to bar gifts to public employees

Posted Mar 16, 2011 by newspaper editor    1 Comment(s)  5 Likes Like Dislike

Shaken by a report alleging wrongdoing by former top officials, directors of the California Public Employees' Retirement System voted to push for legislation curtailing gift-giving to public employees and limiting board members and executives from going to work for companies doing business with the pension fund. [Read More...]

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