California Public Employees Retirement System – Page 2

Proposed Bill To Require State Pension Funds to Divest Completely From Russian Investments

March 1, 2022 11:56 am

A bipartisan-backed bill to require the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) state pension funds to divest completely from any Russian assets was announced on Monday, with the intention of being formally...

SEIU Leader Suspended For Six Months Following $44,000 Time Sheet Fraud

November 29, 2021 12:00 pmDecember 8, 2021 3:47 pm

Tony Owens, the former Vice President of Bargaining for the Service Employees International Union (SEIU) Local 1000 in Los Angeles, was suspended for six months without pay from his California Public Employee’s Retirement System (CalPERS) on Monday following an investigation...

GM Agrees To $5.75 Million Settlement With California

February 15, 2021 2:44 pmFebruary 15, 2021 2:46 pm

During the weekend, General Motors announced that it had agreed to a $5.75 million settlement with the state of California over false statements that GM had told their investors about defective ignition switches. According to government officials, GM had found...

Lenders – and Pensions – Are Salivating at Californians’ Pain

June 11, 2020 3:14 pmJune 12, 2020 6:22 am

Californians have weathered several storms the last few months. Due to COVID-19, close to 5 million Californians have been put out of work. With so many people impacted by unprecedented job loss, more and more consumers will reach out to...

Split Decision for Busted CHP Boss

March 3, 2020 3:21 pmMarch 3, 2020 3:54 pm

The board of the California Public Employees Retirement System (CalPERS) has maintained a pension reduction for former California Highway Patrol Assistant Chief Sheldon K. Scarber. Last month the board upheld the ruling of Administrative Law Judge Dannette C. Brown, which...