CalPERS Responds

Welcome to CalPERS Responds. This site is intended to educate, separate fact from fiction, and provide our response about issues related to pensions, investments, and health care.


Nov
16
2011
  Provision on Disclosing Contributions Is All About Transparency

CalPERS adoption of a provision recommending that public companies disclose their charitable and political donations is about promoting accountability and transparency – and helping shareowners decide whether their money is being spent in...
 
Oct
28
2011
  CalPERS CEO Issues Statement on Governor's Pension Reform Proposal

Anne Stausboll, Chief Executive Officer of the California Public Employees’ Retirement System (CalPERS), today issued the following statement in response to Governor Edmund G. Brown, Jr.’s 12-point pension plan:

“Ca...
 
Oct
3
2011
  CalWatchdog Comments on 3D Are Completely Wrong

Steven Greenhut’s recent comments on CalWatchdog.com about the Diverse Director DataSource – “3D” – are incorrect.

Greenhut writes that 3D, which CalPERS and CalSTRS worked together to develop, is “mo...

 
Sep
30
2011
  CalPERS CIO on Investment Target: “The game has gotten harder, but it’s not impossible to succeed”

My recent remarks on Bloomberg Television about the challenges for CalPERS to meet its 7.75 percent assumed rate of return have caught the attention of financial reporters, not to mention critics of public pensions including CalWatchdog.com. For t...

 
Sep
20
2011
  Proposed Government Accounting Standards Set to Burden Public Employers

The Governmental Accounting Standards Board (GASB) has proposed changes to its accounting standards for governmental plans and public employers. The proposals will significantly change pension accounting and financial reporting for state and local...

 

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