The California Public Employment Retirees System has seen its biggest payout to date, and the recipient is a former CalPERS employee.
More than a thousand public retirees in California are earning pensions that exceed the federal limit of $220,000, according to data from CalPERS.
The California Supreme Court issued a much-anticipated ruling on public employee pension benefits Monday, but left a larger and much more consequential question about vested pension rights intact.
A controversial retirement program that paid some L.A. public safety workers double toward the end of their careers is headed for change following a series of investigative reports by the Los Angeles Times.
We’re nearly two weeks into a legal case that could have enormous implications for California’s future.
Over 100 local governments will ask voters to increase taxes on Tuesday, which is nearly twice the record set in November of 2016.
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.
Many cities and counties “signed up for pensions they can’t afford” and need to “handle that themselves,” the governor said.