California Public Employees Retirement System

Bill To Force CalPERS, CalSTRS Divestment from Fossil Fuel Investments Delayed Until Next Year

July 5, 2023 1:56 pmJuly 5, 2023 1:56 pm

A bill to phase out fossil fuel investments in the California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) state public pension funds was delayed until next year earlier this week, giving time to both build...

CalPERS Announces Data Breach Of 769,000 Californians’ Personal Information

June 23, 2023 2:30 amJune 23, 2023 6:51 am

The California Public Employees’ Retirement System announced on Thursday that the sensitive personal information of approximately 769,000 retired California employees and other related beneficiaries was stolen in a data breach by Russian cybercriminals when they targeted a third party vendor...

Bill To Force CalPERS, CalSTRS Divestment from Fossil Fuel Investments Moves To Senate

May 19, 2023 2:28 amMay 19, 2023 2:29 am

A bill to phase out fossil fuel investments in the California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) state public pension funds was passed in the Senate Appropriations Committee Thursday, with the bill next going...

Bill To Force CalPERS, CalSTRS Divestment from Fossil Fuel Investments Passes Second Committee

April 19, 2023 12:34 pmApril 19, 2023 12:34 pm

A bill to phase out fossil fuel investments in the California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) state public pension funds was passed in the Senate Judiciary Committee Wednesday, with the possibility growing that...

City of San Bernardino Exits Decade-Long Bankruptcy By Posting $2.5 Million Surplus

September 14, 2022 5:30 amSeptember 13, 2022 8:01 pm

The city of San Bernardino exited it’s bankrupt status on Tuesday following over a decade of facing severe revenue and cash shortages. On August 1, 2012, San Bernardino filed for bankruptcy following posting a $45 million shortage of revenue and...

Bill To Force CalPERS, CalSTRS to Divest From Fossil Fuel Companies Dies in Assembly Committee

June 23, 2022 4:12 pm

A bill that would have had forced both the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) to divest from fossil fuel companies they have invested in died in the Assembly on Wednesday after...

Insurance Commissioner Ricardo Lara Issues Notice Calling For Insurance Companies To Divest From Russia

March 15, 2022 2:32 amMarch 14, 2022 9:32 pm

Insurance Commissioner Ricardo Lara became the latest California lawmaker to push for Russian asset and property investment on Monday, issuing a notice to all insurance companies in the state to divest from Russia soon due to the ongoing Russian-Ukrainian war....