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California Pension Funds

Public Pension Officials Can't Resist Taxpayer-Paid Trip To Hawaii

| Posted 02.27.2013 | Los Angeles

This story comes courtesy of California Watch. By Jennifer Gollan When the head of one of the state’s largest independent pension funds recei...

Bad News For California Retirees

AP | JUDY LIN | Posted 09.15.2012 | San Francisco

SACRAMENTO, Calif. — The nation's largest public pension fund collected a dismal 1 percent annual return on its investments, a figure far short ...

Pension Bankruptcy in Tiny U.S. Territory Is a Warning of What May Lie Ahead

David Paul | Posted 07.24.2012 | Politics
David Paul

The pension issue is not going to go away. The financial impacts of pension deficits are going to be felt at the state and local level for years, and will continue to influence the political landscape as politicians are forced to confront that which is manifestly broken.

Huge Pension Fund Sues Execs In Wake Of Scandal

AP | ANNE D'INNOCENZIO | Posted 07.04.2012 | Business

NEW YORK — One of the nation's largest public pension funds has filed a lawsuit against current and former Wal-Mart executives and board members...

'Implementing This In One Fell Swoop Would Be Devastating For Us'

AP | By JUDY LIN | Posted 05.14.2012 | San Francisco

SACRAMENTO, Calif. -- The nation's largest public pension fund lowered its forecast Wednesday for investment returns and asked the state of California...

Shades of Brown: Cities and the Governor's Pension Reforms (Part 2)

John Mirisch | Posted 01.09.2012 | Los Angeles
John Mirisch

Without serious pension reform, kiss new taxes or tax extensions goodbye, no matter how much money special interest groups or unions spend trying to sell us the latest bill of goods.

Shades of Brown: Cities and the Governor's Pension Reforms (Part 1)

John Mirisch | Posted 01.08.2012 | Los Angeles
John Mirisch

Even though there are those who would make it political, the subject of pension reform for government employees in California is not really a political issue: it's a mathematical issue.

CA's Pension Funds Lose $18 Billion After Market Plunges

AP | ADAM WEINTRAUB | Posted 10.10.2011 | Los Angeles

SACRAMENTO, Calif. — The turmoil on Wall Street has hit the nation's largest public pension fund, which lost about $18 billion off the value of ...

California Pension Funds Grow To Highest Level Since Recession

AP | ADAM WEINTRAUB | Posted 09.17.2011 | San Francisco

SACRAMENTO, Calif. — California's two largest public pension funds posted their highest investment returns since before the recession, with each...

Dave Jamieson

Nurses On The Attack: Hospital Workers Fight Layoffs By Blasting Executives

HuffingtonPost.com | Dave Jamieson | Posted 07.17.2011 | Business

WASHINGTON -- In recent months, the management at Salinas Valley Memorial Healthcare System has approached workers with a set of proposals that includ...

Jerry Brown Seeks Rollback of California Pensions

AP | Posted 05.25.2011 | Los Angeles

SACRAMENTO, Calif. — Democratic gubernatorial candidate Jerry Brown said pension benefits for state employees should be rolled back to contain r...

Bill Requires Diversity In California Pension Funds

AP | CATHY BUSSEWITZ | Posted 05.25.2011 | Los Angeles

SACRAMENTO, Calif. — California's public pension funds would have to report the ethnicity and gender of some of the outside investment managers ...

The Sky is Not Falling at CalSTRS

Ed Derman | Posted 05.25.2011 | Business
Ed Derman

California's public pension systems have come under fire recently by several studies that recommend cutting nearly half their expect rate of return. But this flawed advice will burden taxpayers immensely.

California Seeks To Reform Pension Funds

AP | CATHY BUSSEWITZ | Posted 05.25.2011 | Los Angeles

SACRAMENTO, Calif. — California lawmakers took a step Wednesday toward cracking down on the middlemen that help private investment firms land lu...