Issues Update - National Health Care Reform
CalPERS Lauds Congress on Passage of Health Care Reform Legislation March 23, 2010
CalPERS applauded Congress for passing landmark national health care reform legislation that constitutes the biggest expansion of health care since the enactment of Medicare and Medicaid over four decades ago.
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CalPERS CEO Urges Congress to "Move Forward Without Delay" on Health Care Bill January 28, 2010
Following President Barack Obama’s State of the Union Speech where he pressed Congress to approve health care reform legislation, California Public Employees Retirement System’s Chief Executive Officer Anne Stausboll today urged federal lawmakers...
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CalPERS Applauds Senate on Health Care Reform Action December 29, 2009
The California Public Employees' Retirement System (CalPERS) applauded recent U.S. Senate action approving The Patient Protection and Affordable Care Act and sending the measure to conference with the House of Representatives.
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CalPERS Lauds Cost Containment Amendments December 10, 2009
The California Public Employees' Retirement System (CalPERS) expressed strong support for an amendment package introduced today in the U.S. Senate that further streamlines and improves our health care delivery system and would save billions...
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CalPERS Joins in Quality, Affordability Efforts Oct 7, 2009
The ability of public sector to offer high quality health care services at an affordable cost that is sustainable for an employer and its employees and retirees is of paramount importance to CalPERS.
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Issues Update - Investments
CalPERS Calls on White House for Proxy Access Support June 17, 2010
Joe Dear, CalPERS Chief Investment Officer today sent a strong message to White House advisor Valerie Jarrett calling on her and the Obama Administration to publicly oppose the Senate's proxy access amendment imposing a 5% ownership requirement.
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CalPERS Investment Firms Agree to Stop Use of Placement Agents with Fund June 16, 2010
Relational Investors LLC, a corporate governance fund, and Los Angeles-based Ares Management LLC have agreed to stop using placement agents to secure business from the pension fund.
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CalPERS Signs On to Letter Backing Corporate Governance Reforms June 8, 2010
CalPERS and 20 other public pension plans wrote to a pair of key lawmakers to urge them to keep corporate governance provisions in the final version of the financial regulations reform bill.
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Placement Agent Bill to Prevent Corruption in Public Pension Systems Passes Assembly June 2, 2010
A bill that would require rigorous regulation of placement agents advanced today in the California Assembly.
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CalPERS Toughens Ethics, Accountability: A Track Record of Reforms and Actions May 6, 2010
CalPERS has taken aggressive steps to implement policies and reforms that strengthen the pension fund’s accountability and ethics, and to ensure full transparency.
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Issues Update - Pension Security
Study Shows Public Employees Earn Significantly Less Than Private Sector Workers May 3, 2010
Public employees earn more than 10 percent less than their private sector counterparts and better pension and health care benefits do not make up the difference, according to a new study.
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California Retirement Dialogue March 1, 2010
The California Retirement Dialogue is a series of Web conferences and issue forums hosted by CalPERS to promote greater understanding of public pension issues.
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California Retirement Dialogue Resource Materials February 22, 2010
CalPERS has prepared a series of documents for the California Retirement Dialogue which provides detailed background information on topics related to the emerging public discussion of retirement issues and CalPERS pension benefits.
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Poll: Voters Believe Public Pensions About Right October 21, 2009
A recently released public pension poll showed a plurality of California voters believe public employee pension benefits are about right.
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CalPERS Benefits Are Secure September 23, 2009
Despite the recent decline in CalPERS pension asset values caused by the severe economic recession, benefits for CalPERS members and retirees remain secure.
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Issues Update - Pension Financing
The DNA of the CalPERS Pension Buck June 28, 2010
Did you know that 63 cents of every dollar paid in public pensions comes from investment earnings?
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Reason Foundation Report on Public Pensions Fatally Flawed June 14, 2010
A recent report that predicted that many state pension funds, including CalPERS, will be insolvent within two decades is fatally flawed.
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Follow CalPERS review of asset allocation, rate of return May 10, 2010
CalPERS is planning a top-to-bottom review of how the assets in the fund are allocated – the percentage invested in stocks, bonds, real estate, private equity, cash and other investments.
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CalPERS Response to Stanford Policy Brief on Public Pension Funds April 6, 2010
Stanford’s Institute for Economic Policy Research released a policy brief “Going For Broke: Reforming California’s Public Employee Pension Systems” that relies on outdated data and methodologies out of sync with governmental accounting rules...
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NASRA Study Shows Public Pensions Plan Assumptions Beat Long-Term Returns March 16, 2010
While heightened attention has been given to the investment return assumptions used by public retirement systems, a recent review of empirical data by the National Association of State Retirement Administrators (NASRA) finds...
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