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Latest CalPERS Stories

2009-03-28 13:57:59

The California public pension Calpers is demanding that the hedge funds in which it invests give it better terms, such as lower prices, a memo indicates. The move by the giant pension fund, which has $5.9 billion in hedge fund investments, shows how financial backers of the formerly high-flying investment vehicles are unhappy because they have failed to live up to their promises of making handsome returns in good times or bad, The Wall Street Journal reported Saturday. Calpers' demands,...

2009-03-23 10:00:00

SAN FRANCISCO, March 23 /PRNewswire-USNewswire/ -- Blue Shield of California announced two additions to its senior management team on Tuesday, promoting Rob Geyer and Janet Widmann to senior vice president.

2009-01-09 13:14:00

Company Restructures to Manage Growth SAN FRANCISCO, Jan. 9 /PRNewswire-USNewswire/ -- Blue Shield of California has restructured its senior leadership as part of an effort to manage the company's rapid growth and pursue new strategic initiatives.

2008-11-07 06:00:15

By Kathy Chu As the volatile stock market eats away at the assets of public pension funds, states are moving aggressively to mitigate their losses.

2008-10-01 06:00:41

By Matthias Gafni MARTINEZ -- To stave off draconian cuts in retiree health care, a former Contra Costa deputy district attorney pitched a plan Tuesday to transfer county employees and retirees to the state's CalPERS health plans.

2008-09-25 09:00:40

National organizations representing the nation's largest public pension funds announced today that State and local retirement systems remain sound amid the current downturn in financial markets, and retirement benefits of the nation's teachers, firefighters, police officers and other public workers remain safe and secure.

2008-09-10 06:00:21

By Ed Vogel By ED VOGEL REVIEW-JOURNAL CAPITAL BUREAU CARSON CITY - The retiree-friendly Public Employees Retirement System has become such a drain on state and local government resources that more important programs are going underfunded, according to a Las Vegas Chamber of Commerce study released today.

2008-08-01 15:00:40

The California State Teachers' Retirement System (CalSTRS) today launched a search for a consultant team to research, design and implement a best practice model for pension accounting and to provide CalSTRS employees transition support and training in its operation.

2008-07-23 18:00:41

By Tim Moran, The Modesto Bee, Calif. Jul.


Word of the Day
edulcoration
  • The act of sweetening by admixture of some saccharine substance.
The word 'edulcoration' comes from a Latin word meaning 'making sweet'.