Articles for category Retirees
Michael Bilbrey and Richard Ross – the two candidates in the CalPERS runoff election for a vacant seat on the CalPERS Board of Administration – will face off at an upcoming candidates’ forum.
New York Times June 21, 2011
Then Jim Righeimer, a conservative activist and real estate developer, jumped into the race last year.
The city was on the road to insolvency, he warned, because public employee unions had pressured politicians into handing over generous salaries and pensions. The police chief received $298,000 a year in total compensation, Mr. Righeimer noted. The deputy fire chief had retired with a pension of more than $182,000 a year.
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.
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.
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.
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.
More than a thousand teachers, state workers and others fanned out across the south lawn of the Capitol on Friday to pressure Republican lawmakers to extend expiring taxes to avoid further budget cuts.
The event capped a week of demonstrations by the California Teachers Assn., whose members lobbied lawmakers, staged rallies and, on two occasions, got arrested for refusing to leave the Capitol after the building closed. On Friday, David Sanchez, the union’s president, said that his arrest -– and those of 25 others –- brought attention to the cause of public education. [Read More...]
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...]
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...]
CSEA Vice President Donna Snodgrass will do the best job representing the interests of state retirees on the CalPERS Board of Administration, the CSEA Retirees Board of Directors decided at its meeting in Burlingame Feb. 11. [Read More...]