Issues Update - Pension Reform
Comparison of Defined Benefit, Defined Contribution and Hybrid Plans February 2, 2012
CalPERS today released a comparison of different retirement benefit plans to help further the discussion on pensions and understanding of plan designs.
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Breakdown of Average Benefit Payments February 2, 2012
The 2011 Comprehensive Annual Financial Report is available online at www.calpers.ca.gov.
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Comparative Analysis of Pension Proposals Released January 31, 2012
CalPERS today issued a comparative analysis of pension reform proposals outlined by Governor Jerry Brown and two planned for the 2012 California ballot.
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CalPERS Issues Clarification and Guidance on AB 1028 January 27, 2012
A new law that went into effect January 1, 2012 made minor changes to the codes governing the hiring of retired annuitants by CalPERS employers.
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NASRA Dispatches Brief on Hybrid Plans January 13, 2012
The National Association of State Retirement Administrators (NASRA), a non-profit association of retirement system administrators, published an issue brief that details summaries of hybrid plans maintained by state retirement systems.
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Issues Update - Health Care
CalPERS Reaffirms Commitment to Same-Sex Benefits February 1, 2012
CalPERS issued the following statement in response to a story from The Sacramento Bee about CalPERS Long-Term Care Program and an ongoing federal lawsuit regarding benefits under federal law for same-sex domestic partners.
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Boynton Presents at 8th Annual American Health Care Forum December 6, 2011
Ann Boynton, Deputy Executive Officer for CalPERS Benefit Programs, Policy and Planning presented information on delivering high-quality, cost-effective health care at the 8th Annual American Health Care Congress and Exhibition (AHCC) on December 5th
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CalPERS Lauds Supreme Court Decision to Protect Health Benefits for Retired Public Employees November 29, 2011
CalPERS applauds a recent California Supreme court ruling which found that health benefits for government retirees may not be eliminated if state and local governments clearly promised those benefits as part of employment agreements.
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Fund for PreFunding Retiree Health Earns 25% Return August 8, 2011
CalPERS trust fund for prefunding public employee retiree health benefits and other post-employment benefits (OPEB) earned a 25.0 percent return on investments in the fiscal year that ended June 30, 2011.
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CBO Says Health Law Repeal Would Deepen Federal Deficit January 10, 2011
The nonpartisan Congressional Budget Office (CBO) issued a report that predicts a repeal of health care reforms under the new the Patient Protection and Affordable Care Act (PPACA) would increase the federal deficit by $230 billion over the next ...
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Issues Update - Investments
CalPERS Discusses 1.1% 2011 Calendar Year Returns January 24, 2012
Due to the high volatility of global equity markets in 2011 (caused in large part by the ongoing Euro debt crisis and the slowing of global economic growth), the CalPERS pension fund earned 1.1 percent in investment returns for calendar year 2011.
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Investment Office Operations January 20, 2012
Managing the operational aspects of CalPERS investment portfolio of more than $220 billion dollars is a huge responsibility.
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CalWatchdog Comments on 3D Are Completely Wrong October 3, 2011
Steven Greenhut’s recent comments on CalWatchdog.com about the Diverse Director DataSource – “3D” – are incorrect.
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CalPERS CIO on Investment Target: “The game has gotten harder, but it’s not impossible to succeed” September 30, 2011
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.
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CalPERS CIO Joe Dear on CNBC Squawk Box August 9, 2011
Chief Investment Officer Joe Dear said in an interview on CNBC’s “Squawk Box” morning show...
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