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Latest CalPERS Stories

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. The promotions are an extension of previous changes announced by chairman and CEO Bruce Bodaken earlier this year, when Paul Markovich was promoted to chief operating officer. Geyer, previously vice president of customer service & claims, was named senior vice president of customer...

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. Acknowledging the contributions of executives who have helped to spearhead the company's success, Blue Shield chairman and CEO Bruce Bodaken today announced the following organizational changes: Paul Markovich, previously senior vice president...

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. Some states are raising the amount that employers and employees contribute to traditional pensions, which guarantee a set monthly payment -- based on employees' salary and job tenure -- in retirement. Others are freezing benefits or scaling back cost-of-living adjustments. The moves come amid states' ballooning budget deficits. Pensions'...

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. Douglas Pipes told the board of supervisors the proposal would be a "win-win" for the nearly 10,000 employees and retirees enrolled on the county's health plan and the county, which could save millions of dollars. The county administrator argued against the...

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. "Public pension funds are intentionally designed to withstand market fluctuations - even ups and downs as dramatic as those in recent days and in years past," said Terry...

2008-09-22 15:00:53

SAN FRANCISCO, Sept. 22 /PRNewswire-USNewswire/ -- NorthBay Healthcare and Blue Shield of California have signed a multi-year agreement under which NorthBay Healthcare will provide services to Blue Shield members at NorthBay's two community hospitals and its comprehensive network of primary care and specialty physicians, effective October 1, 2008. Under the agreement, Blue Shield's HMO and PPO members will have access to NorthBay's physician network and its two hospitals, NorthBay...

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. PERS now has a $6.3 billion debt that could increase and keep the state from adequately funding public education and health care, the study said. The pension plan, which the study...

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. The final filing date for proposals is Sept. 8, 2008, with the selection expected to be in October. The request for proposals is available for viewing on the CalSTRS Web site at www.calstrs.com/rfp. The contract period...

2008-07-23 18:00:41

By Tim Moran, The Modesto Bee, Calif. Jul. 23--Stanislaus County's employee retirement fund lost $142 million in the budget year that ended June 30 -- including $94 million in June, according to County Supervisor Jim DeMartini, who sits on the Stanislaus County Employee Retirement Association's policy board. For the year, the county retirement fund lost 9.83 percent of its $1.44 billion portfolio. "We had a miserable year this year," DeMartini told the Board of Supervisors on Tuesday...

2008-07-10 18:00:35

With a resolution, a letter of congratulations - and a cake - the California Legislature and Governor Schwarzenegger's office today recognized the California State Teachers' Retirement System's (CalSTRS) 95 years of service in support of the state's educators. The recognition took place during the Teachers' Retirement Board meeting at CalSTRS' East Sacramento headquarters with representatives from the Governor's Office and from the offices of State Senator Patricia Wiggins and...


Word of the Day
bibliopole
  • A bookseller; now, especially, a dealer in rare and curious books.
This word comes from a Greek phrase meaning 'book seller.'
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