CalPERS – California Globe

Green Train, But No Green Money

December 18, 2023 2:45 amDecember 18, 2023 2:46 am

When the bond was passed 1100 years ago to create California’s high speed rail project/grifty thingy/whatever, voters were told a number of things like where it would go, when it would be done, and how much it would cost. ...

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...

The Possible Effects Of California ‘No Longer Doing Business With Walgreens’

March 7, 2023 5:21 pmMarch 7, 2023 5:24 pm

A day after Governor Gavin Newsom announced that the state will “no longer do business” with the pharmacy chain Walgreens, the Globe looks at what the state could possibly announce and what it could mean for all parties involved. Following...

Are Government Pensions Funds in Crisis Again?

October 6, 2022 7:00 amOctober 5, 2022 10:05 pm

If ever there were a case of Chicken Little, it’s the endless squawking over the imminent implosion of public employee pension funds. In California, ever since pension benefits were enhanced, retroactively, starting in 1999, critics have been claiming a pension...