CSR | Political Activity

CalPERS reports best returns in 20 years

Posted Jul 18, 2011 by newspaper editor    1 Comment(s)  -3 Likes Like Dislike

The California Public Employees’ Retirement System (CalPERS) July 18 reported a 20.7 percent return on investments in preliminary estimates for the one-year period that ended June 30, 2011.

“This is our best annual performance in 14 years,” said Rob Feckner, CalPERS Board President. “For the second straight fiscal year, the Pension Fund exceeded its long-term annualized earnings target [Read More...]



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.
[Read More...]



Calpers Payments Spur $26 Billion in 2010 Activity in California

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

Benefit payments in 2010 by the California Public Employees’ Retirement System, the largest U.S. public pension, spurred more than $26 billion in economic activity in the state, the fund said in a report.

[Read More...]



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.
[Read More...]



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.

[Read More...]



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.

[Read More...]



PERSWatch hosts forum between two candidates July 6

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

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. 
[Read More...]



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.
[Read More...]



Brown's spokesman calls Republicans 'basically moronic'

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

With California's new fiscal year starting Friday and no compromise with the GOP on a budget in sight, Gov. Jerry Brown's chief spokesman called Sacramento Republicans "basically moronic" for failing to strike [Read More...]



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