CSR | Political Activity

CSR endorsements for the June 2018 primary elections

Posted May 15, 2018 by Jamee V    0 Comment(s)  0 Likes Like Dislike

Please consider supporting CSR endorsed candidates in the 2018 elections. If you have any questions, please contact CSR at CSRinfo@CalRetirees.org or 916.326.4292.

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Cost-of-living adjustments for California state worker pensions are safe, for now

Posted Apr 25, 2018 by Jamee V    0 Comment(s)  0 Likes Like Dislike

Future state workers, your pension cost-of-living adjustments are safe and you won’t get to choose between a CalPERS pension and a 401(k) plan anytime soonBoth proposals were shot down on Monday by a Senate committee that rejected a pack of bills aimed at reducing the risk taxpayers face if an economic crisis cripples the state’s public pension funds.

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CalPERS retirees are suddenly worried about their pensions. What happened?

Posted Mar 19, 2018 by Jamee V    0 Comment(s)  -1 Likes Like Dislike

Call it the Loyalton effect.

CalPERS’ decision in late 2016 to slash pensions for four retirees from the tiny mountain town startled the state’s public workers so much that their confidence in the $354 billion fund began to plunge to its lowest level in five years.

It showed in an annual survey conducted by the California Public Employees’ Retirement System that gauges how public employees, retirees, and local government leaders feel about the state’s largest pension system.

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Medicare Changes ID Cards to Prevent Fraud

Posted Mar 15, 2018 by Jamee V    0 Comment(s)  0 Likes Like Dislike

The Centers for Medicare and Medicaid Services (CMS) is taking a major step to help people with Medicare protect their identities from theft and fraud. CMS is removing Social Security numbers from current Medicare ID cards and replacing them with a unique Medicare number that does not contain a Social Security number. 

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The New York Times | ​​​​​​​The Real Reason the Investor Class Hates Pensions

Posted Mar 12, 2018 by Jamee V    0 Comment(s)  0 Likes Like Dislike

No issue in America today better illustrates the divergent interests of working Americans and the 1 percent than pension reform. Substantial empirical evidence shows that America’s favored retirement vehicle — the 401(k), recently renounced by its own inventors — is grossly inadequate and will leave tens of millions of Americans with insufficient retirement assets. And yet states and cities are busy converting traditional pensions into these failing 401(k)s or equivalents, to the great benefit of money managers and the finance class.

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Pension fund hits milestone: It’s earning more money than it’s paying out

Posted Feb 14, 2018 by Jamee V    0 Comment(s)  1 Likes Like Dislike

For the first time in years, CalPERS is stable enough that it no longer expects to run deficits into the middle of the century.

Though still underfunded, the $345 billion pension fund has a better financial outlook because it’s collecting more money from employers and making the most of recent stock market gains, its chief investment officer said on Monday. That should help it avoid scenarios where it has to sell investment assets to pay pensions.

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CalPERS Board Elects Priya Mathur as President, Rob Feckner as Vice President

Posted Jan 16, 2018 by Jamee V    0 Comment(s)  0 Likes Like Dislike

Petaluma, CA - The CalPERS Board of Administration elected Priya Mathur as board president and Rob Feckner as vice president. Mathur is the first female elected president of the CalPERS board. This will be her first term. Feckner previously served as board president and vice president.

 

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Brown Wins CalPERS Board Seat in Runoff; Joins Miller on Board

Posted Dec 12, 2017 by Jamee V    0 Comment(s)  0 Likes Like Dislike

Sacramento, CA - Margaret Brown was declared the unofficial winner today of the runoff election for a Member-at-Large seat on the CalPERS Board of Administration. New members' four-year terms begin January 16, 2018.

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Richard Costigan Re-Elected to CalPERS Board

Posted Dec 08, 2017 by Jamee V    0 Comment(s)  0 Likes Like Dislike

SACRAMENTO, CA - The California State Personnel Board (SPB) has re-elected Richard Costigan as its representative to the California Public Employees' Retirement System Board of Administration.

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California DMV to Offer REAL ID Driver Licenses and ID Cards in 2018

Posted Nov 20, 2017 by Jamee V    0 Comment(s)  -11 Likes Like Dislike

The California Department of Motor Vehicles (DMV) will begin offering the option to apply for a federally compliant REAL ID driver license or identification (ID) card beginning January 22, 2018, at DMV offices statewide. Californians may choose either a REAL ID or a federal non-compliant card.
 

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