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Articles for category General News

CalPERS Retirement Payments in 2010 Boost California's Economy by $26 Billion

Posted Jul 13, 2011 by newspaper editor    0 Comment(s)  -1 Likes Like Dislike

CalPERS benefit payments rippled through the California economy last year, generating $26 billion in economic activity and supporting more than 93,600 jobs across the state, Anne Stausboll, Chief Executive Officer of the California Public Employees' Retirement System, told a Washington, D.C., conference today.
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Board Candidate Forum Video Available Online

Posted Jul 13, 2011 by newspaper editor    1 Comment(s)  0 Likes Like Dislike

CalPERS Board run-off election candidates, Michael Bilbrey and Richard Ross, participated in a candidate forum sponsored by PERSwatch on July 6, 2011. A video of the forum is now available for viewing online via YouTube. Ballot packages for the run-off election were mailed to eligible voters on June 30, 2011.
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California pension proposal seeks to hike employee contributions

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

From California to Florida, many public employees are paying more for their pensions now than a year ago as strapped state and local governments cast about for savings.

Now a sweeping Republican proposal in the California Senate, among other changes, would hike how much all current and future state and local government workers pay toward their pensions.
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California Budget Deal Leaves GOP out in Cold

Posted Jun 30, 2011 by newspaper editor    0 Comment(s)  -1 Likes Like Dislike

California's legislature passed a Democrat-crafted plan late Tuesday to close a budget gap that initially stood at $27.6 billion—the first time in decades that state lawmakers approved a budget without Republican support in a move that could have far-reaching consequences for California.

The $86 billion spending plan for the fiscal year starting Friday was endorsed Monday by Democratic Gov. Jerry Brown after he earlier vetoed another budget passed by the legislature. The new budget was approved by just over half of each house of the legislature, the first such budget since California voters last year reversed a decades-old law requiring budget approval by two-thirds of lawmakers. The reversal meant the budget could pass with support from only Democrats.

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Brown, Democrats reach budget deal without taxes

Posted Jun 28, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Abandoning negotiations with Republican lawmakers, Gov. Jerry Brown struck a deal with Democrats for a budget that assumes billions of dollars in fresh revenue — but could lead to major service cuts if the money doesn't materialize.

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Jerry Brown, Democratic leaders announce budget deal

Posted Jun 27, 2011 by newspaper editor    0 Comment(s)  -1 Likes Like Dislike

Gov. Jerry Brown and Democratic legislative leaders announced today that they have reached an agreement on a new majority-vote budget plan.

"We've had some tough discussions, but I can tell you that the Democrats in both the Senate and the Assembly have now joined with the administration and myself and we have a very good plan going forward with the budget," Brown said at a press conference in his office this afternoon.
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Governor vetoes Democratic budget

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

Sacramento Bee June 16, 2011

Gov. Jerry Brown vetoed his own party's budget today, less than 24 hours after Democratic lawmakers sent him a majority-vote plan balanced with risky solutions.

The Democratic governor said during his campaign and throughout this year he would not sign a budget filled with "gimmicks," though he suggested earlier this week he had relaxed that stance.

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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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California budget talks hit an impasse

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

Republican lawmakers are prepared to let voters decide whether to close California's stubborn budget deficit with higher taxes in exchange for major changes in state spending, public pensions and regulatory policies.

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Brown releases revised budget plan with $6.6-billion windfall

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

State revenue has rocketed to a projected $6.6 billion beyond expectations, a windfall that Gov. Jerry Brown wants to use to stabilize education spending and help repair California's battered finances.

In the revised budget plan that Brown released Monday, schools would receive about $3 billion that would otherwise have been deferred, aiding districts' ability to plan the academic year. The proposal also devotes some of the unanticipated money to business tax credits and to delaying a portion of the tax increases the governor had sought earlier this year. [Read More...]



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