CalPERS Responds http://www.calpersresponds.com CalPERS is working hard to ensure the retirement security of our members, provide help to our employers, manage our investments to meet our long-term liabilities, and keep our family updated on how our health care plans relate to national health care reform. We hope this information provides education, insight, and clarity. eng <![CDATA[Conversations with CalPERS Leaders]]> http://www.calpersresponds.com/insight.php/update-financial-market-reform http://www.calpersresponds.com/insight.php/update-financial-market-reform Thu, 22 Jul 2010 00:00:00 -0600 <![CDATA[The DNA of the CalPERS Pension Buck]]> http://www.calpersresponds.com/issues.php/dna-calpers-pension-buck http://www.calpersresponds.com/issues.php/dna-calpers-pension-buck Mon, 28 Jun 2010 00:00:00 -0600 <![CDATA[Conversations with CalPERS Leaders]]> http://www.calpersresponds.com/insight.php/update-health-care-reform http://www.calpersresponds.com/insight.php/update-health-care-reform Thu, 24 Jun 2010 00:00:00 -0600 <![CDATA[CalPERS Calls on White House for Proxy Access Support]]> http://www.calpersresponds.com/issues.php/proxy-access-support http://www.calpersresponds.com/issues.php/proxy-access-support Thu, 17 Jun 2010 00:00:00 -0600 <![CDATA[CalPERS Investment Firms Agree to Stop Use of Placement Agents with Fund]]> http://www.calpersresponds.com/issues.php/stop-use-placement-agents http://www.calpersresponds.com/issues.php/stop-use-placement-agents Wed, 16 Jun 2010 00:00:00 -0600 <![CDATA[Reason Foundation Report on Public Pensions Fatally Flawed]]> http://www.calpersresponds.com/issues.php/report-pensions-fatally-flawed http://www.calpersresponds.com/issues.php/report-pensions-fatally-flawed Mon, 14 Jun 2010 00:00:00 -0600 <![CDATA[CalPERS Signs On to Letter Backing Corporate Governance Reforms]]> http://www.calpersresponds.com/issues.php/backs-corp-gov-reforms http://www.calpersresponds.com/issues.php/backs-corp-gov-reforms Tue, 08 Jun 2010 00:00:00 -0600 <![CDATA[Placement Agent Bill to Prevent Corruption in Public Pension Systems Passes Assembly]]> http://www.calpersresponds.com/issues.php/placement-agent-bill-passes-assembly http://www.calpersresponds.com/issues.php/placement-agent-bill-passes-assembly Wed, 02 Jun 2010 00:00:00 -0600 <![CDATA[Follow CalPERS review of asset allocation, rate of return]]> http://www.calpersresponds.com/issues.php/CalPERS-examines-asset-allocation http://www.calpersresponds.com/issues.php/CalPERS-examines-asset-allocation Mon, 10 May 2010 00:00:00 -0600 <![CDATA[CalPERS Toughens Ethics, Accountability: A Track Record of Reforms and Actions]]> http://www.calpersresponds.com/issues.php/calpers-toughens-ethics-accountability http://www.calpersresponds.com/issues.php/calpers-toughens-ethics-accountability Thu, 06 May 2010 00:00:00 -0600 <![CDATA[Study Shows Public Employees Earn Significantly Less Than Private Sector Workers]]> http://www.calpersresponds.com/issues.php/public-employees-earn-signifcantly-less http://www.calpersresponds.com/issues.php/public-employees-earn-signifcantly-less Mon, 03 May 2010 00:00:00 -0600 <![CDATA[CalPERS CIO: "No money manager needs to hire a placement agent"]]> http://www.calpersresponds.com/issues.php/cio-placement-agent-testimony http://www.calpersresponds.com/issues.php/cio-placement-agent-testimony Wed, 07 Apr 2010 00:00:00 -0600 <![CDATA[CalPERS Response to Stanford Policy Brief on Public Pension Funds]]> http://www.calpersresponds.com/issues.php/response-stanford-policy-brief http://www.calpersresponds.com/issues.php/response-stanford-policy-brief Tue, 06 Apr 2010 00:00:00 -0600 <![CDATA[Conversations with CalPERS Leaders]]> http://www.calpersresponds.com/insight.php/examining-asset-allocation-and-assumptions http://www.calpersresponds.com/insight.php/examining-asset-allocation-and-assumptions Wed, 24 Mar 2010 00:00:00 -0600 <![CDATA[CalPERS Lauds Congress on Passage of Health Care Reform Legislation]]> http://www.calpersresponds.com/issues.php/calpers-lauds-congress-health-care-reform http://www.calpersresponds.com/issues.php/calpers-lauds-congress-health-care-reform Tue, 23 Mar 2010 00:00:00 -0600 <![CDATA[CalPERS Backs Federal Financial Reform Bill]]> http://www.calpersresponds.com/issues.php/federal-financial-reform-bill http://www.calpersresponds.com/issues.php/federal-financial-reform-bill Tue, 16 Mar 2010 00:00:00 -0600 <![CDATA[NASRA Study Shows Public Pensions Plan Assumptions Beat Long-Term Returns]]> http://www.calpersresponds.com/issues.php/nasra-study http://www.calpersresponds.com/issues.php/nasra-study Tue, 16 Mar 2010 00:00:00 -0600 <![CDATA[Conversations with CalPERS Leaders]]> http://www.calpersresponds.com/insight.php/Assessing-Health-Care-Reform-Efforts http://www.calpersresponds.com/insight.php/Assessing-Health-Care-Reform-Efforts Wed, 03 Mar 2010 00:00:00 -0700 <![CDATA[California Retirement Dialogue]]> http://www.calpersresponds.com/issues.php/California-Retirement-Dialogue http://www.calpersresponds.com/issues.php/California-Retirement-Dialogue Wed, 24 Feb 2010 00:00:00 -0700 <![CDATA[California Retirement Dialogue Resource Materials]]> http://www.calpersresponds.com/issues.php/Retirement-Security-in-California http://www.calpersresponds.com/issues.php/Retirement-Security-in-California Thu, 04 Feb 2010 00:00:00 -0700 <![CDATA[CalPERS Endorses Investors’ Appeal for Shareowner ‘Say on Pay’]]> http://www.calpersresponds.com/issues.php/Calpers-Endorses-Investors-Appeal-for-Shareowner http://www.calpersresponds.com/issues.php/Calpers-Endorses-Investors-Appeal-for-Shareowner Thu, 28 Jan 2010 00:00:00 -0700 <![CDATA[CalPERS CEO Urges Congress to "Move Forward Without Delay" on Health Care Bill]]> http://www.calpersresponds.com/issues.php/Move-Forward-Without-Delay http://www.calpersresponds.com/issues.php/Move-Forward-Without-Delay Thu, 28 Jan 2010 00:00:00 -0700 <![CDATA[CalPERS Sees Strong Investment Gains in 2009]]> http://www.calpersresponds.com/issues.php/CalPERS-Sees-Strong-Investment-Gains-in-2009 http://www.calpersresponds.com/issues.php/CalPERS-Sees-Strong-Investment-Gains-in-2009 Thu, 21 Jan 2010 00:00:00 -0700 <![CDATA[CalPERS Chief Investment Officer: "Portfolio up $47 Billion"]]> http://www.calpersresponds.com/issues.php/CALPERS-portfolio-closing-bell http://www.calpersresponds.com/issues.php/CALPERS-portfolio-closing-bell Thu, 14 Jan 2010 00:00:00 -0700 <![CDATA[Myth: Government workers don’t contribute to their pensions; taxpayers are on the hook to pay those costs.]]> http://www.calpersresponds.com/myths.php/myth-Government-workers-dont-contribute-to-their-pensions http://www.calpersresponds.com/myths.php/myth-Government-workers-dont-contribute-to-their-pensions Tue, 12 Jan 2010 00:00:00 -0700 <![CDATA[Myth: Pension Costs for the State of California have increased by 2000 percent in the last 10 years.]]> http://www.calpersresponds.com/myths.php/myth-pension-costs-increased-by-2000-percent http://www.calpersresponds.com/myths.php/myth-pension-costs-increased-by-2000-percent Thu, 07 Jan 2010 00:00:00 -0700 <![CDATA[CalPERS Applauds Senate on Health Care Reform Action]]> http://www.calpersresponds.com/issues.php/Senate-Health-Care-Reform-Action http://www.calpersresponds.com/issues.php/Senate-Health-Care-Reform-Action Tue, 29 Dec 2009 00:00:00 -0700 <![CDATA[CalPERS Board Toughens Ethics Guidelines]]> http://www.calpersresponds.com/issues.php/CalPERS-Board-Toughens-Ethics-Guidelines http://www.calpersresponds.com/issues.php/CalPERS-Board-Toughens-Ethics-Guidelines Tue, 29 Dec 2009 00:00:00 -0700 <![CDATA[The Other Side to Today’s Pensions & Investments Story on CalPERS Real Estate]]> http://www.calpersresponds.com/issues.php/Other-Side-CALPERS-real-estate http://www.calpersresponds.com/issues.php/Other-Side-CALPERS-real-estate Mon, 28 Dec 2009 00:00:00 -0700 <![CDATA[Conversations with CalPERS Leaders]]> http://www.calpersresponds.com/insight.php/Placement-Agent-Controls http://www.calpersresponds.com/insight.php/Placement-Agent-Controls Mon, 28 Dec 2009 00:00:00 -0700 <![CDATA[CalPERS Lauds Cost Containment Amendments]]> http://www.calpersresponds.com/issues.php/Cost-Containment-Amendments http://www.calpersresponds.com/issues.php/Cost-Containment-Amendments Thu, 10 Dec 2009 00:00:00 -0700 <![CDATA[The Other Side to Today’s CalPERS Wall Street Journal Story on Private Equity]]> http://www.calpersresponds.com/issues.php/Other-Side-WSJ-Story-on-Private-Equity http://www.calpersresponds.com/issues.php/Other-Side-WSJ-Story-on-Private-Equity Wed, 09 Dec 2009 00:00:00 -0700 <![CDATA[CalPERS to Congress: Back Wall Street Reform Legislation]]> http://www.calpersresponds.com/issues.php/Back-Wall-Street-Reform-Legislation http://www.calpersresponds.com/issues.php/Back-Wall-Street-Reform-Legislation Wed, 09 Dec 2009 00:00:00 -0700 <![CDATA[CalPERS Backs Tough Ethics Rules for Placement Agents]]> http://www.calpersresponds.com/issues.php/Tough-Ethics-Rules-for-Placement-Agents http://www.calpersresponds.com/issues.php/Tough-Ethics-Rules-for-Placement-Agents Mon, 30 Nov 2009 00:00:00 -0700 <![CDATA[CalPERS Chief Investment Officer Urges Market Reform]]> http://www.calpersresponds.com/issues.php/CalPERS-Chief-Investment-Officer-Urges-Market-Reform http://www.calpersresponds.com/issues.php/CalPERS-Chief-Investment-Officer-Urges-Market-Reform Tue, 03 Nov 2009 00:00:00 -0700 <![CDATA[Poll: Voters Believe Public Pensions About Right]]> http://www.calpersresponds.com/issues.php/Poll-Public-Pensions-About-Right http://www.calpersresponds.com/issues.php/Poll-Public-Pensions-About-Right Sun, 01 Nov 2009 00:00:00 -0600 <![CDATA[Myth: Public pension benefits are excessive and a drain on the public.]]> http://www.calpersresponds.com/myths.php/myth-public-pension-benefits-are-excessive http://www.calpersresponds.com/myths.php/myth-public-pension-benefits-are-excessive Wed, 28 Oct 2009 00:00:00 -0600 <![CDATA[CalPERS Joins in Quality, Affordability Efforts]]> http://www.calpersresponds.com/issues.php/CalPERS-joins-quality-Affordability-Efforts http://www.calpersresponds.com/issues.php/CalPERS-joins-quality-Affordability-Efforts Tue, 27 Oct 2009 00:00:00 -0600 <![CDATA[CalPERS Says Reuters Story is False]]> http://www.calpersresponds.com/issues.php/CalPERS-Says-Reuters-Story-is-False http://www.calpersresponds.com/issues.php/CalPERS-Says-Reuters-Story-is-False Fri, 23 Oct 2009 00:00:00 -0600 <![CDATA[Conversations with CalPERS Leaders]]> http://www.calpersresponds.com/insight.php/Reassessing-the-Recovery http://www.calpersresponds.com/insight.php/Reassessing-the-Recovery Thu, 15 Oct 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS pays 100 percent of retiree health care costs.]]> http://www.calpersresponds.com/myths.php/myth-CalPERS-pays-100-percent http://www.calpersresponds.com/myths.php/myth-CalPERS-pays-100-percent Thu, 08 Oct 2009 00:00:00 -0600 <![CDATA[Myth: Spending health care dollars on prevention and wellness programs does little to affect the overall cost of health care in our nation, our state and our communities.]]> http://www.calpersresponds.com/myths.php/myth-prevention-wellness-national-health-care http://www.calpersresponds.com/myths.php/myth-prevention-wellness-national-health-care Mon, 05 Oct 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS cannot come back from billions in losses.]]> http://www.calpersresponds.com/myths.php/Myth-come-back-from-billions-in-losses http://www.calpersresponds.com/myths.php/Myth-come-back-from-billions-in-losses Fri, 25 Sep 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS members will have no choice in what health benefits they receive. They will have to go into a public plan.]]> http://www.calpersresponds.com/myths.php/myth-no-choice-of-health-benefits http://www.calpersresponds.com/myths.php/myth-no-choice-of-health-benefits Thu, 24 Sep 2009 00:00:00 -0600 <![CDATA[Conversations with CalPERS Leaders]]> http://www.calpersresponds.com/insight.php/pension-security-insights http://www.calpersresponds.com/insight.php/pension-security-insights Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS pensioners can "goose" their retirement benefit upward by manipulating the income that gets included in their final year of compensation. ]]> http://www.calpersresponds.com/myths.php/myth-pensioners-manipulate-income http://www.calpersresponds.com/myths.php/myth-pensioners-manipulate-income Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: The average CalPERS pensioner gets 80 percent of their pay.]]> http://www.calpersresponds.com/myths.php/myth-pensioner-percentages http://www.calpersresponds.com/myths.php/myth-pensioner-percentages Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS said the SB 400 benefit enhancements would be free to the State forever.]]> http://www.calpersresponds.com/myths.php/myth-SB-400-benefits http://www.calpersresponds.com/myths.php/myth-SB-400-benefits Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS Board is focused on benefit enhancements. ]]> http://www.calpersresponds.com/myths.php/myth-board-focused-on-benefit-enhancements http://www.calpersresponds.com/myths.php/myth-board-focused-on-benefit-enhancements Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS is going to run out of money because of baby boomers retiring.]]> http://www.calpersresponds.com/myths.php/myth-baby-boomers-pensions http://www.calpersresponds.com/myths.php/myth-baby-boomers-pensions Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: Police and firefighters retire at age 50 with 90 percent of pay. ]]> http://www.calpersresponds.com/myths.php/myth-police-and-firefighters-pensions http://www.calpersresponds.com/myths.php/myth-police-and-firefighters-pensions Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: Pensions are among the highest costs of State government.]]> http://www.calpersresponds.com/myths.php/myth-pensions-are-high-costs-for-state-government http://www.calpersresponds.com/myths.php/myth-pensions-are-high-costs-for-state-government Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: Increased pension formulas are bankrupting State and local government.]]> http://www.calpersresponds.com/myths.php/myth-increased-pension-formulas http://www.calpersresponds.com/myths.php/myth-increased-pension-formulas Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS is unsustainable.]]> http://www.calpersresponds.com/myths.php/myth-CalPERS-is-unsustainable http://www.calpersresponds.com/myths.php/myth-CalPERS-is-unsustainable Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: Prior to SB 400, the State paid $400 million in contributions. Ten years later, the State is paying $3 billion due to benefit enhancements. ]]> http://www.calpersresponds.com/myths.php/myth-3-billion-in-benefit-enhancements http://www.calpersresponds.com/myths.php/myth-3-billion-in-benefit-enhancements Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: The CalPERS System is “unsustainable.”]]> http://www.calpersresponds.com/myths.php/myth-system-is-unsustainable http://www.calpersresponds.com/myths.php/myth-system-is-unsustainable Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: Government pensions are paid by taxpayers.]]> http://www.calpersresponds.com/myths.php/myth-government-pensions-paid-by-taxpayers http://www.calpersresponds.com/myths.php/myth-government-pensions-paid-by-taxpayers Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS is in jeopardy because its funded status is dropping as a result of the market downturn.]]> http://www.calpersresponds.com/myths.php/myth-CalPERS-is-in-jeopardy http://www.calpersresponds.com/myths.php/myth-CalPERS-is-in-jeopardy Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: Rate smoothing is funny accounting that requires future generations to pay pensions of those working today.]]> http://www.calpersresponds.com/myths.php/myth-future-generations-to-pay-pensions http://www.calpersresponds.com/myths.php/myth-future-generations-to-pay-pensions Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS uses “risky” investment strategies and assumptions.]]> http://www.calpersresponds.com/myths.php/Myth-risky-investment-strategies-and-assumptions http://www.calpersresponds.com/myths.php/Myth-risky-investment-strategies-and-assumptions Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: One can’t rely on CalPERS actuarial reports.]]> http://www.calpersresponds.com/myths.php/myth-cannot-rely-on-reports http://www.calpersresponds.com/myths.php/myth-cannot-rely-on-reports Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[CalPERS Benefits Are Secure]]> http://www.calpersresponds.com/issues.php/Benefits-are-secure http://www.calpersresponds.com/issues.php/Benefits-are-secure Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Pension Costs]]> http://www.calpersresponds.com/issues.php/Moderating-Pension-Costs http://www.calpersresponds.com/issues.php/Moderating-Pension-Costs Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Pension Reform Proposals]]> http://www.calpersresponds.com/issues.php/Pension-Reform-Concepts http://www.calpersresponds.com/issues.php/Pension-Reform-Concepts Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS is doing very little to manage its real estate portfolio. ]]> http://www.calpersresponds.com/myths.php/Myth-real-estate-investment-decisions http://www.calpersresponds.com/myths.php/Myth-real-estate-investment-decisions Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: CalPERS is shying away from stocks in favor of private equity.]]> http://www.calpersresponds.com/myths.php/Myth-stocks-in-favor-of-private-equity http://www.calpersresponds.com/myths.php/Myth-stocks-in-favor-of-private-equity Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[We Have a Disciplined, Proactive Approach]]> http://www.calpersresponds.com/issues.php/We-Have-a-Disciplined-Proactive-Approach http://www.calpersresponds.com/issues.php/We-Have-a-Disciplined-Proactive-Approach Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: If CalPERS is not affected by the national health care policy changes that could come, why should we care?]]> http://www.calpersresponds.com/myths.php/myth-CalPERS-not-affected-by-national-health-care http://www.calpersresponds.com/myths.php/myth-CalPERS-not-affected-by-national-health-care Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Myth: If nothing occurs in Washington this year, it won’t really matter because CalPERS already operates its own system of health benefits.]]> http://www.calpersresponds.com/myths.php/myth-if-nothing-happens-in-washington http://www.calpersresponds.com/myths.php/myth-if-nothing-happens-in-washington Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Health Care Reform Matters]]> http://www.calpersresponds.com/issues.php/Health-Care-Reform-Matters http://www.calpersresponds.com/issues.php/Health-Care-Reform-Matters Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[The Cost of Health Care ]]> http://www.calpersresponds.com/issues.php/cost-of-healthcare http://www.calpersresponds.com/issues.php/cost-of-healthcare Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[CalPERS Is an Example for the Nation]]> http://www.calpersresponds.com/issues.php/example-for-the-nation http://www.calpersresponds.com/issues.php/example-for-the-nation Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[CalPERS Health Care Priorities]]> http://www.calpersresponds.com/issues.php/health-care-priorities http://www.calpersresponds.com/issues.php/health-care-priorities Wed, 23 Sep 2009 00:00:00 -0600 <![CDATA[Conversations with CalPERS Leaders]]> http://www.calpersresponds.com/insight.php/Investing-in-an-Unprecedented-Market http://www.calpersresponds.com/insight.php/Investing-in-an-Unprecedented-Market Wed, 23 Sep 2009 00:00:00 -0600