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An Army leader told her women didn’t belong in combat units. That only made her try harder: When an inmate riot erupted at a military prison camp outside Kabul, Staff Sgt. Cyndi Baltezore noticed that detainees hurled blows on male and female soldiers with equal ferocity. She … Click to Continue »
Judge’s widow to receive settlement from unemployment board in wrongful death lawsuit: The widow of a 74-year-old California unemployment judge who died of a heart attack after his supervisors changed his job description will receive a $10,000 settlement from a lawsuit she … Click to Continue »
Tempers flare when Betty Yee demands more tax board transparency: California Controller Betty Yee demanded that the Board of Equalization make its governance policies clear to the public at a meeting May 23, 2017. Video courtesy of California Board of Equalization. … Click to Continue »
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CalPERS may cut Trinity water district pensions: Swinging the blade for the third time, CalPERS may cut the pensions of five current and former employees of a water district serving the small town of Hayfork in Trinity County, a rugged area in the northwest part of the state with heavily forested mountains. Trinity County Waterworks District ...
Brown: extra $6 billion to cut state pension debt: The payment to CalPERS for state worker pensions next year would double under a revised state budget proposed by Gov. Brown yesterday, going from nearly $6 billion to a total of about $12 billion. If all goes as planned the extra $6 billion payment, borrowed from a state cash-flow fund, is esti...
CalSTRS rates are doubling, but is that enough?: Long-delayed legislation is more than doubling the CalSTRS rates paid by school districts and the state. But even if the all-important pension fund investment earnings are on target, the huge CalSTRS debt is expected to continue to grow for another decade. The Legislature left CalSTRS rates fro...
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Forget fiscal responsibility: Jerry Brown embraces pension shell game: By Steven Greenhut | The Jerry Brown administration last week released its revised May budget and, lo and behold, it has finally decided to (kind of, sort of) tackle the state’s massive and growing level of unfunded liabilities – i.e., the hundreds of billions of dollars in taxpayer-backed debt t...
How about a March for Math?: By Steven Greenhut | Tens of thousands of people marched in hundreds of cities last week as part of something billed as the March for Science. The event, which coincided with Earth Day, was meant to rebuke the Trump administration’s global-warming skepticism and its plan to cut taxpayer funding f...
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A Response to Yves Smith on CalPERS: Yes, The Twelve Days of CalPERS by Yves Smith at naked capitalism is very witty, but it plays into the hands of those who would like to see public pensions dismantled. I like some of the work Yves Smith has  have been reporting on CalPERS, which obviously needs not only watching but needs to be ...
CalPERS Candidate Forum: September 16, 2014: CalPERS Auditorium Looking Toward Board Seats Please attend the upcoming CalPERS Candidate Forum. Sorry, I haven’t been keeping this site up but have concentrated on Corporate Governance. However, another election cycle is coming up at CalPERS. State and local government employees will each ele...
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Retirement for Disability – Latest Developments in CalPERS’ Requirements: Retirement for disability can already be a cumbersome and confusing process. The California Public Employees’ Retirement System’s (CalPERS) new and additional mandates – as set forth in its March 30, 2017 Circular Letter – raises the ante. The Letter informs all contracting public agencies of the...
CalPERS School and Local Agency Members May Now Recover Service Credit and Compensation Earnable Upon Administrative, Arbitral or Judicial Reversals of Terminations: CalPERS contracting agencies and schools should be aware that effective January 1, 2017, if an employee’s termination is overturned on appeal, back pay is not the only thing the employee will be able to recover. On June 21, 2016, we reported that Assembly Member Cooper introduced a new bill, AB 2...
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CalPERS manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families. The second largest public pension fund in the US, they are internationally known for their shareowner activism.

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