California Public Employees Retirement System

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State workers, your bonuses are finally coming: State workers represented by SEIU Local 1000 will receive bonuses from their new contract by May 12, the State Controller's Office says. The $2,500 bonuses will be taxed as if … Click to Continue »
Embattled tax board ‘at a tipping point,’ its leader says: The executive director of the tax board Gov. Jerry Brown sanctioned last week told a Senate hearing Thursday that the agency is “at a tipping point” and acknowledged that he … Click to Continue »
LA retirees lose last-ditch appeal for pensions at CalPERS: Retirees from a defunct job-training program in Los Angeles County appealed to save their pensions Tuesday, but did not persuade the CalPERS’ administrators to make up for benefits that their … Click to Continue »
Another court setback for protectors of pensions: In another ruling allowing pension cuts, an appeals court last week overturned a state labor board ruling that a voter-approved San Diego pension reform was invalid because the city declined to bargain the issue with labor unions. The initiative approved by 66 percent of San Diego voters in 201...
CalPERS state rate doubles in decade to $6 billion: The annual cost of state worker pensions would increase to $6 billion in July in a recommendation from CalPERS actuaries, up $521 million from the current fiscal year and double the amount paid a decade ago. School districts would pay $2 billion next year for the pensions of non-teaching employ...
CalSTRS to tap state as funding shortfall grows: Using new power for the first time, the CalSTRS board is expected to increase the state contribution to the teacher pension fund this week, a response to new forecasts of lower investment earnings and longer retiree life spans. The new forecasts adopted in February increased the funding shortfa...
Why so few headlines today?: Your humble editor is heading to Sacramento in the wee hours of Tuesday morning to participate in a day-long conference which will assemble taxpayer organizations from up and down the state of California. It’s being sponsored by the Howard Jarvis Taxpayers Association. I’ll be participating on a ...
Massive California road tax really is a pension tax: By Steven Greenhut | Gov. Jerry Brown and Democratic legislators have caused a stir with their plan to increase taxes to pay for the state’s unquestionably decrepit infrastructure of roads and bridges. Instead of thinking of this as a new transportation tax, however, Californians should see it as...
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...
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...
Discontinuation of a Long-Standing Practice of Accommodating Disabled Employees through Light-Duty May Be a Violation of FEHA: This post was authored by Jennifer Rosner In a recent decision by a California Court of Appeal, a Court held that it was not unreasonable for the City of Los Angeles to assign temporarily injured recruit officers to light-duty administrative assignments in light of the City’s past policy and prac...

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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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