A new nationwide public opinion research report finds overwhelming support for Congressional action to provide all Americans with access to a new type of privately run pension plan. The research also finds that Americans remain highly anxious about their retirement prospects (85 percent), and see pensions a way to improve their retirement readiness. Even though [...]
$4.5 Million in Bonuses at CalPERS
“Top administrators and investment managers at the California Public Employees’ Retirement System were awarded $4.5 million in bonuses, averaging 41% of their base salaries for the year that ended June 30,” according to a report in the Los Angeles Times. (CalPERS awards $4.5 million in bonuses to managers, 10/8/2011) The bonuses ranged from a high [...]
Brown Didn’t Take Easy Path on CalPERS Bills
California’s Governor Jerry Brown signed signed Assembly Bill 873, which prohibits former CalSTRS and CalPERS board members and high-level executives from lobbying their former employers for ten years. The bill is the most stringent measure yet to get at the “placement agent” scandals that in wrote about back in 1997. In his signing message, Brown noted [...]
Retirement Security for All
Hank Kim, Executive Director and Counsel for the National Conference on Public Employee Retirement Systems (NCPERS), has unveiled a proposal for a new type of retirement plan. To those who think CalPERS and pensions for public employees should be abandoned, the proposal offers an alternative. See Retirement Security for All. The proposed Secure Choice Pension (SCP) is aimed at [...]
Bilbrey Wins CalPERS Board Seat
Michael Bilbrey is the apparent winner of a special runoff election to fill a vacancy on the 13-member CalPERS Board of Administration. According to the unofficial vote count, Bilbrey received 117,034 votes, while Richard Ross received 78,718 votes. The result is not official until certified by the California Secretary of State’s Office. Bilbrey and Ross were [...]
Videos of CalPERS Candidate Forum Available
Videos are now available from the “CalPERS Candidates’ Forum,” moderated by the League of Women Voters of Sacramento County, on Wednesday, July 6, 2011 in the CalPERS Auditorium. Although less than 50 people showed up for the forum, I expect many more will watch them online. We will need to consider other options for the next [...]
CalPERS Candidate Forum July 6th
PERSWatch.net will sponsor a “CalPERS Candidates’ Forum,” moderated by the League of Women Voters of Sacramento County, on Wednesday, July 6, 2011 from 6:00 p.m. to 8:00 p.m. The forum will take place in the CalPERS Auditorium, Lincoln Plaza North, 400 P St., Sacramento, California. Free parking will be available under the building. Enter on [...]
CalPERS Runoff: Bilbrey & Ross — CalPERS Forum July 6
Michael Bilbrey got 46,032 preliminary count votes. Richard Ross placed second with 26,522 votes to qualify for a runoff. Donna Snodgrass and David Miller were close behind with 24,101 and 23,627 respectively. Ballots go out June 30 and are due back July 28. PERSWatch.net will hold another CalPERS Candidate Forum on July 6, from 6-8 [...]
CalPERS Candidates’ Forum
PERSWatch sponsored the “CalPERS Candidates’ Forum,” moderated by the League of Women Voters of Sacramento County, on Tuesday, April 26, 2011. The forum took place in the CalPERS Auditorium, Lincoln Plaza North, 400 P Street, Sacramento, California. Seven candidates running in the Special Election, to fill the Member-At-Large Position B vacancy, participated in the event. [...]
CalPERS Ambassador Program
If you are a retiree, hopefully, you saw the brief article on the Ambassador Program in the California State Retiree or on the CSEA Retirees Inc. website. If you aren’t a retiree, contact CalPERS at the e-mail below and ask them if you can attend as well. You may need to take some time off [...]
Please join our Yahoo! mailing list so that we can continue to sponsor candidate forums and keep you informed of important governance issues at CalPERS.
Ethics Point now operates a hotline to report possible ethics violations at CalPERS. The toll-free number is 866-513-4216 or TTY 866-294-9572. Service is also available at CalPERS Ethics Helpline. Menus on website may take a while to scroll through but system looks like it could work.
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