CalPERS – California Globe

California Proves Pension Reform Was Never a Settlement

July 29, 2026 6:00 amJuly 29, 2026 6:01 am

California’s Assembly Bill 1383 passed the Assembly 70 to 2 in January. Set aside for a moment what the bill does. Start with the vote. Seventy members, from the most progressive Democrat in the caucus to all but two Republicans,...

CalPERS Committed $21 Billion to Diversity But Still Can’t Say If It Paid Off

July 21, 2026 12:00 pmJuly 21, 2026 12:01 pm

Federal contractors have until July 24 to certify they don’t run illegal DEI programs, or risk the fate of IBM, which paid $17 million in May to settle the first case brought under the Justice Department’s Civil Rights Fraud Initiative....

Asymmetric Pension Smoothing: A Prudent Reform to Strengthen CalPERS and CalSTRS Funded Ratios

June 26, 2026 8:00 amJune 26, 2026 8:01 am

Public pension systems in California, particularly CalPERS and CalSTRS, face persistent challenges in achieving full funding despite periodic strong investment returns. With CalPERS’ funded ratio recently improving to approximately 79% following solid market performance, meaningful structural reforms are essential to...

UC Berkeley Study: Sacramento’s Regulations Create America’s Highest Poverty Rate, Triggering California Exodus

April 2, 2026 3:32 pmApril 2, 2026 3:37 pm

A new report from the California Policy Lab at UC Berkeley has exposed the harsh reality of life under one-party Democratic rule: California now suffers the highest cost-of-living-adjusted poverty rate in the entire United States, a crisis manufactured by Sacramento’s...

CalPERS Still $153 Billion Underwater Despite Near Record Returns

March 12, 2026 8:06 amMarch 12, 2026 8:06 am

Thirty years of running hedge funds, private equity deals, and now outsourced CIO roles for ultra-high-net-worth family offices taught me one ironclad rule. Optimistic assumptions in a spreadsheet are just fraud wearing a tie. I watched markets crash in 2008...

California’s $125 Billion Death Spiral

March 8, 2026 5:00 amMarch 9, 2026 3:02 pm

Newsom is betting his last budget on AI stocks his own analysts call overheated. Four straight deficit years. A $35 billion structural gap incoming. And a pension system that makes all of it worse. We’ve seen this movie. It ended...

Globe Exclusive: Congressional Committee Investigating CalPERS’ Investments into Radical ESG Causes

February 12, 2026 7:00 amFebruary 12, 2026 4:19 pm

Congressional Education and Workforce Committee Chairman Tim Walberg (R-MI); Health, Employment, Labor, and Pensions Subcommittee Chairman Rick Allen (R-GA), and Rep. Kevin Kiley (R-CA) sent a letter Thursday morning to CalPERS’ president Theresa Taylor regarding CalPERS’ failure to safeguard worker...