CSR | Political Activity

Get to Know the UnitedHealthcare Medicare Advantage PPO Plan

Posted Sep 01, 2015 by newspaper editor    0 Comment(s)  -2 Likes Like Dislike

This is a video from CalPERS detailing the UnitedHealthcare Medicare Advantage PPO Plan. Read more to view the video at your leasure and learn more about the plan.

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CSR Legislative Report - August 28, 2015

Posted Aug 28, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The following PDF is a list of bills that CSR is supporting, opposing or watching.

August 28, 2015 Legislative Report

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Count the bad ideas in California pension proposal

Posted Aug 21, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Along with taxation and immigration, one political issue that never seems to go away is the cost of public employees, especially their pensions.

Public retirement plans are consistently blamed for local and state budget woes. Any time a community runs into fiscal trouble, its workers are among the first to be demonized, and often bear the brunt of the remedies. After all, pension obligations are typically among the largest liabilities any government entity must bear, so why not hack away?

In California, pension overhaul proposals have become a perennial feature of state and local ballot campaigns. Failed proposals were aimed at the statewide ballot twice in the last four years, and the proponents of the last effort, in 2014, have started the ball rolling for a new measure.

 

 

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Attorney General releases summary on Reed initiative

Posted Aug 12, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Proponents of a California ballot initiative requiring pension changes to go through a public vote on Tuesday rejected Attorney General Kamala Harris’ official description of the measure as an attempt “to try to mislead the public.”

For every ballot measure, the attorney general’s office issues a short name and description to appear on the petitions that backers use to get signatures. Because it is often the entry point for voters to understand what’s in a ballot initiative, the wording carries high stakes.

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Reed/DeMaio initiative threatens the middle class

Posted Jul 27, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

By Dave Low, chair of Californians for Retirement Security

In their never-ending effort to force-feed warmed-over political ideas to a skeptical public, the pension attackers are back, using new poll-tested language and focus-grouped talking points to undermine retirement security for millions of working families.

Under the Orwellian moniker of the “Voter Empowerment Act,” former San Jose Mayor Chuck Reed, former San Diego Councilman Carl DeMaio and their anti-pension cohorts are proposing nothing short of gutting the public employee pension system – one of the last bastions of middle-class economic security.

They are falsely selling their proposed ballot measure as a potential cut in pensions for new employees. In reality, it could cut or eliminate pensions earned by current employees for future work.

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David Crane swings and misses on CalPERS investments

Posted Jul 22, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

In an email to journalists and election officials, David Crane arrives at a false conclusion with his claim that CalPERS unfunded actuarial liability (UAL) will continue to grow unless the system achieves a return of at least 9.7%, not the 7.5% CalPERS currently assumes.

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CSR Legislative Report - July 17, 2015

Posted Jul 20, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The following PDF is a list of bills that CSR is supporting, opposing or watching.

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CalPERS chief to cut volatility of pension fund

Posted Jul 16, 2015 by newspaper editor    0 Comment(s)  -1 Likes Like Dislike

The California Public Employees' Retirement System, projected to have negative cash flow for at least the next 15 years, is looking to recast investment priorities to slash the complexity and volatility embedded in its $301-billion portfolio, officials said on Tuesday.

Fund officials, recognizing that the wave of retiring baby boomers means it will pay out more in benefits than it takes in from contributions and investment income - a gap that could reach $10 billion by 2030 - are expecting to pivot more toward assets that deliver reliable income than in the past.

 

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CSR Legislative Report - July 1, 2015

Posted Jul 01, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The following PDF is a list of Bills that CSR is supporting, opposing or watching.

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CalPERS releases report on investments and their benefits

Posted Jun 17, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The California Public Employees’ Retirement System (CalPERS) today released its annual CalPERS for California Report, detailing the broad ancillary benefits the System’s investments generated in California for the 2013-14 Fiscal Year. Additionally, CalPERS released an updated version of the California Initiative Report, highlighting a program that encourages investments in companies located in traditionally underserved California markets.

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