Category Archives: CalPERS

The California Legislature passes the pension buck – again

By Jon Coupal| In truth, Sacramento politicians are very dependable. You can depend on them to raise your taxes, pass meaningless resolutions attacking President Trump and hurt the private sector by eliminating workplace arbitration and enacting even more burdensome regulations. … Continue reading

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Transparent California executive director talks with John and Ken

Robert Fellner, executive director of the pension data website Transparent California, was a guest yesterday on the  John and Ken Show on KFI Radio. They discussed the latest report in which Transparent California documented a nearly 900% increase in promised CalPERS … Continue reading

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Sen. John Moorlach explains California’s financial crisis at a Huntington Beach Town Hall

On July 12, state Senator John Moorlach (R-Costa Mesa), took part in a panel discussion on social investing for our state pension system (CalPERS) at a Town Hall in Huntington Beach. You can view the video here: Also participating were … Continue reading

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More pension math: CalPERS’ and CalSTRS’ investment earnings

By David Crane | Triggered by recent earnings reports from CalPERS and CalSTRS, some readers have asked why California’s pension funds are underperforming the overall stock market. For example, for the fiscal year just ended June 30, 2018, CalSTRS and … Continue reading

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Nearly 900% increase in CalPERS benefits dwarfs economic growth, taxpayers’ ability to pay

The total pension benefits promised by the California Public Employees’ Retirement System (CalPERS) increased 886 percent from 1987-2016 — a rate 21 times greater than the cumulative increase in the state’s population, according to a just-released analysis from Transparent California. … Continue reading

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Sen. John Moorlach and CalPERS CEO to discuss ‘socially conscious’ pension investing today in Huntington Beach

State Senator John Moorlach and CalPERS CEO Marcie Frost will be facing off this afternoon in Huntington Beach over the issue of “socially conscious” investing by pension funds. The event will be held in Huntington Beach’s City Council Chambers and … Continue reading

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2017 CalPERS pension data for Fullerton now online

CalPERS payouts approach $21 billion, up 43% over past 5 years Today, TransparentCalifornia.com — California’s largest public pay database — released pension payout data for the California Public Employees’ Retirement System (CalPERS) for the fiscal year ending July 31, 2017. The data … Continue reading

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Former Fullerton cop to serve jail time, but keep full CalPERS pension

An excellent post yesterday by David Curlee on the Friends for Fullerton’s Future blog describes the end result of a plea bargain by former Fullerton cop Miguel “Sonny” Siliceo. It has ensured that his CalPERS pension will be left intact … Continue reading

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New CalPERS pension payment schedule will squeeze Fullerton’s budget even more

By Adam Ashton, Sacramento Bee | California cities struggling with recent hikes in their pension fees will see another one in 2021 because of a decision CalPERS made on Tuesday to speed up the rate of their debt payments. The … Continue reading

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How much more will cities and counties have to pay CalPERS?

By Ed Ring | When speaking about pension burdens on California’s cities and counties, a perennial question is how much are the costs going to increase? In recent years, California’s biggest pension system, CalPERS, has offered “Public Agency Actuarial Valuation … Continue reading

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