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# Share Your Votes Blog/Website  Recent Posts                 
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‘No evident justification‘ for California prison guard raises in contract, analyst warns: The 3 percent raise Gov. Gavin Newsom has agreed to give state prison correctional officers has “no evident justification” based on the state’s hiring and retention needs, according to a … Click to Continue »
It’s going up fast. Drone video shows state’s new Sacramento high-rise: Construction is well underway on the state of California's new Natural Resources Building. Drone video from Thursday, June 13, 2019, shows the progress on the 20-story, $520 million building scheduled for completion in fall 2021. … Click to Continue »
Cal Fire union launches TV ads as it presses Gavin Newsom to hire more firefighters: The union that represents state firefighters is airing commercials in Sacramento this week with a two-pronged message: Cal Fire’s firefighters are overworked and you should take steps to protect your … Click to Continue »
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CalPERS using more ESG in investment strategy: CalPERS is stepping up its ESG investment program, despite evidence that funds based only on environmental, social and corporate governance strategies have tended to underperform. The big pension system, an early ESG leader, is half-way through a five-year plan that includes getting companies t...
New state-run IRA for private sector opens July 1: A new state workplace retirement savings program, CalSavers, will open to an estimated 250,00 to 300,000 employers on July 1 — offering an automatic IRA payroll deduction for the 7.5 million California workers with no retirement plan on the job. The massive program, expected to handle billions ...
Governor boosts school pension cost relief plan: School districts, some saying CalSTRS rates are forcing cuts in programs and teacher pay, would get more pension cost relief under a revised state budget proposed last week by Gov. Newsom. The governor’s $700 million plan to lower school pension costs during the last two years of a seven-year C...
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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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