The California Public Employees’ Retirement System is an agency in the California executive branch that “manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families”.
The former CEO of the California Public Employees’ Retirement System (CalPERS) has received a 4.5-year prison sentence. Federico Buenrostro accepted more than $200,000 in bribes and tried to direct investments to an associate, who later committed suicide. [Wall Street Journal]... (Continue reading)
By KAREN VELIE Grover Beach Police Chief Jim Copsey is slated to again receive a salary and pension simultaneously while he works as interim city manager following City Manager Robert Perrault’s retirement on Feb. 16. The city council is expected... (Continue reading)
By JOSH FRIEDMAN San Luis Obispo County employees averaged slightly more than $100,000 a year in total compensation for 2014, an examination of county employee pay shows. The county’s top earner was M. Daisy Ilano-Ramos, the medical director of County Mental Health.... (Continue reading)
Pismo Beach City Council voted unanimously on Tuesday to approve a $1 million payment to reduce the city’s unfunded pension liability costs. Currently, the city has an unfunded pension liability of $13.6 million. This includes $6.3 million in the safety... (Continue reading)
A former CalPERS board member facing a corruption trial in federal court committed suicide in January. [LA Times] Alfred Villalobos, 71, killed himself in Reno, his town of residence, city police confirmed. Villalobos was just weeks away from standing trial... (Continue reading)
Grover Beach Police Chief Jim Copsey will soon receive a salary and pension simultaneously following a decision by the city council to employ him as interim chief after he retires later this month. Copsey is set to retire on Dec.... (Continue reading)
By JOSH FRIEDMAN The number of retired public employees in San Luis Obispo County who are receiving yearly pensions of more than $100,000 continues to grow along with the more $500 million in unfunded pension liability. The highest earning pensioner... (Continue reading)
By JOSH FRIEDMAN Ahead of Tuesday’s vote on San Luis Obispo’s half-cent sales tax, state pension reports have emerged indicating that the city’s unfunded liabilities have decreased slightly, but its annual retirement costs will likely rise by several million dollars... (Continue reading)
By JOSH FRIEDMAN Chances are growing that the city of San Luis Obispo will issue a pension obligation bond to gain control of its unfunded retirement plan liabilities, which have soared past $100 million. The city currently has a total... (Continue reading)
A group of California judges has filed a class action lawsuit against State Controller John Chiang and the California Public Employees Retirement System, claiming their salaries and benefits did not keep pace with those of other state workers as required... (Continue reading)
