Gov. Brown, California Pension Board To Consider Rate IncreasesThe board of the California Public Employees' Retirement System is considering how municipalities and government agencies should absorb the mounting costs of retirees living longer.
Ex-CalPERS CEO, Board Member Charged With Fraud Federal officials on Monday charged the former head of the nation's largest pension fund and one of his business associates with falsifying documents and other charges in a long-running influence peddling and bribery investigation.
Lower Forecast Rejected For Calif. Pension FundBoard members of the nation's largest public pension fund on Tuesday rejected a proposal to reduce its forecast of future investment returns, avoiding the politically sensitive move of demanding more money from state or local governments this year.
Fifty-Six Page Report On Alleged CalPERS Fraud Released TuesdayMoney managers have paid more than $180 million to middlemen as a way to gain investment business from the nation's largest public pension fund, and at least some of those costs likely ended up being paid by the fund itself through inflated fees.
Calif. Pension Fund May Reduce Investment TargetThe nation's largest public pension fund could make a small accounting change that would carry a large price tag for taxpayers when board members meet this week.
Massive Bell Pensions To Be Drastically ReducedFormer Bell administrators won't cash in on the massive pensions they'd hoped to collect, but will keep some of their generous retirement benefit.