More than a thousand public retirees in California are earning pensions that exceed the federal limit of $220,000, according to data from CalPERS.
Mark Danaj served just eight weeks as Santa Clara’s assistant city manager. Was it just a ploy to keep him in the more preferable pre-PEPRA CalPERS plan? The agency says it has found no evidence of wrongdoing.
A new report from the Santa Barbara County Grand Jury warns that many public pension plans in the county are facing significant liquidity and solvency risks, and that new policies may be required to keep the system sound.
The Sacramento Bee has published a list of the highest pension earners in the CalPERS and CalSTRS systems.
The California Public Employees Retirement System insists its structure is sound, but a new survey shows government leaders harbor major doubts.
If something doesn’t change, Santa Cruz could be the next canary in the pension coal mine.
In a major decision Tuesday, the California Public Employees Retirement System voted to shorten the amortization period for new pension liabilities from 30 to 20 years. The implications could be massive.
CalPERS wants local governments to deliver the bad news when they decide to exit the pension fund.