CalPERS Employee Tests Negative For Coronavirus
Good news is overshadowed by market reactions to the coronavirus pandemic that have cost the largest US pension plan more than $50 billion.
Good news is overshadowed by market reactions to the coronavirus pandemic that have cost the largest US pension plan more than $50 billion.
The chief investment officer is moving to an investment management consulting firm in Northern California.
The new guidance is meant to help the pension system engage companies in its portfolio where it can have the most impact.
The giant pension fund is switching from return-oriented goals to a sharper focus on liquidity and strong betas.
Former board member J.J. Jelincic protests the October 17 election, claims CalPERS team plotted to thwart his candidacy.
Despite the ruling, the court sidestepped a much larger issue, whether core pension benefits promised at the time of hire for public workers can be changed.
Group highlights financial risks sustained from misconduct in the workplace.
But the court might rule on a narrower issue, continuing the controversy over whether the benefits promised employees are fixed for life.
Decision could cost the city millions in creating retroactive pensions.
Proposed legislation would create an optional defined contribution plan.
City could be forced to create pensions for 3,000 workers if overturned.
City council significantly boosts annual payment from $1.3 million to pay down unfunded liability.