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# Share Your Votes Blog/Website  Recent Posts                 
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Dozens of CHP and Cal Fire families lose homes to Camp Fire: Dozens of California state firefighters, Highway Patrol office and park rangers have lost homes in this month’s deadly Camp and Woolsey fires, according to public employee unions. The Camp Fire … Click to Continue »
Sensitive to smoke? State workers can ask to work from home or take vacation: State buildings in downtown Sacramento are open and public employees are expected to go to work despite the heavy smoke from the Camp Fire that seems to be seeping into … Click to Continue »
Developer files plans to fill CalPERS ‘hole in the ground.’ What’s next?: A plan to build the tallest building in Sacramento took a step forward Thursday when developers submitted an application to the city, but the project still has a long way … Click to Continue »
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As CalPERS rates climb, how high can they go?: A new report shows a third of local governments in CalPERS will have police and firefighter employer rates next fiscal year that are at least 50 percent of pay, a level that a former CalPERS chief actuary believed a decade ago would be “unsustainable.” At the high end, the number of local gover...
CalSTRS wants to avoid another rate hike delay: It took nearly a decade for the Legislature to act on a CalSTRS request for a rate increase that is now more than doubling school district pension costs — a hard squeeze on funding for other school programs. The California State Teachers Retirement System, unlike most California public pension...
High court to hear Brown pension reform Dec. 5: As he requested, Gov. Brown will get a chance before leaving office to defend a public employee union challenge to his pension reform that some think could result in a ruling allowing pension cuts. The state Supreme Court yesterday announced oral arguments scheduled Dec. 5 in Los Angeles on a f...
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PensionTsunami Is Taking a Four-Day Weekend: Pension news has been very sparse lately and the past two weeks have been especially ?? trying as well as very hot ?? so we??re going to take off early for the Labor Day weekend. See you on Tuesday! ?? Jack Dean, Editor
PensionTsunami is taking a break: We??re taking my favorite holiday ?? the Fourth of July ?? as an opportunity to rejuvenate for several days. We may post a headline or two each day if they seem important, but otherwise we hope to be back with full daily news of escalating state and local government pension crises on Monday. ...
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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 t...
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 e...
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CalPERS Issues Circular Letter Regarding Employer Obligations for Out-of-Class Appointments, But Many Questions Remain: This post was authored by Michael Youril. On April 27, 2018, the California Public Employees?? Retirement System (??CalPERS?) issued Circular Letter No.: 200-021-18, which discusses limitations imposed on ??out-of-class appointments? by Assembly Bill 1487, which added Government Code secti...
CalPERS Reduces Amortization Period with Impacts to Employer Contribution Rates: This post was authored by Stephanie J. Lowe and Frances Rogers. The California Public Employees?? Retirement System (CalPERS) recently decided to change its Actuarial Amortization Policy (??Amortization Policy?), which will impact employer contribution rates for contracting agencies. The revi...
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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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