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California Pensions

California Pension-Cutting Ballot Initiative Revealed

Frying Pan News | Gary Cohn | Posted 09.26.2013 | Politics

The following story was reported by Frying Pan News as part of its California Exposé investigative series, and published here in collaboration ...

Slash and Burn: The War Against California Pensions

Frying Pan News | Gary Cohn | Posted 09.03.2013 | Politics

The following story was reported by Frying Pan News as part of its California Exposé investigative series, and published here in collaboration ...

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...

How Jerry Brown Saved California Billions Of Dollars

AP | JULIET WILLIAMS and JUDY LIN | Posted 09.01.2012 | Los Angeles

SACRAMENTO, Calif. -- The state Legislature on Friday approved a package of changes to California's public employee pension system that is expected to...

Governor Announces Dramatic Cuts To California's Retirement Benefits

AP | JUDY LIN | Posted 10.28.2012 | San Francisco

SACRAMENTO, Calif. — With election politics in play, Gov. Jerry Brown on Tuesday announced systemic reforms to save billions of dollars in Calif...

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 ...

California May Introduce Sweeping Cuts To Retirement Benefits

AP | ELLIOT SPAGAT | Posted 08.05.2012 | San Francisco

SAN DIEGO — Early returns show voters overwhelmingly approving measures to cut benefits for government workers in two major California cities. ...

'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...

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 ...

Voter Opinions Shift On Public Workers' Pensions In California

Los Angeles Times | Posted 05.25.2011 | Los Angeles

Californians support a variety of cutbacks to public employee pensions, including a cap on pension benefits and demanding workers pay more for their o...

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 ...