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# Share Your Votes Blog/Website  Recent Posts                 
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Walking out for higher wages: More public employees decide to ‘fight back’ in California: Court reporters in Fresno. UC hospital workers in Sacramento. Teachers in Los Angeles. Public employees are striking across the state in a sign that the year is shaping up to … Click to Continue »
‘That was a nightmare.’ UC employees still reporting hardships from faulty payroll: University of California employees continue to report missed or reduced direct deposit paychecks that they attribute to the university system’s troubled payroll system, UCPath. The complaints, often from student employees … Click to Continue »
Gavin Newsom’s budget makes big down payment on California pensions: By making early payments on California’s unfunded pension promises, Gov. Gavin Newsom’s first budget aims to free up billions of dollars for schools in coming years. His budget calls for … Click to Continue »
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Newsom offers some relief for hard hit schools: Gov. Newsom proposed a state budget yesterday that would give CalPERS an extra $3 billion to pay down debt and CalSTRS a potential extra $5.9 billion, most to pay down debt but also some for relief to schools hard hit by doubling pension costs. “We are investing an historic amount and doing wha...
Brown cut retirement debt bigger than pensions: Most large private-sector companies and some government employers do not provide retiree health care for their employees. But state workers not only get state-paid health care in retirement, they often pay less for it than they did while working. On the job, the state usually pays 80 percent of...
Brown leaves again with pension reform pending: Gov. Brown leaves office next week with a smaller cost-cutting pension reform than he wanted. But after he’s gone, union challenges to minor parts of his reform pending in the state Supreme Court may open the door to big changes. The main parts of Brown’s reform add several years to retirement ...
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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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