California Public Employees Retirement System
California Public Employees Retirement System Newswire (Page 10)

California Public Employees Retirement System Newswire (Page 10)

Comprehensive Real-Time News Feed for California Public Employees Retirement System. (Page 10)

Results 181 - 200 of 1,211 in California Public Employees Retirement System

  1. Pensions Earthquake: San Bernardino Defaults - "After BankruptcyRead the original story w/Photo

    Mar 18, 2015 | Breitbart.com

    San Bernardino, which owed almost $10 million on its pension bond debt ever since it declared bankruptcy in 2012, has defaulted, according to Reuters. Since September, the city has avoided dealing with the bondholders, who have been left out in the cold.

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  2. Pleasanton police to get 3% raises in each of next 3 yearsRead the original story w/Photo

    Mar 18, 2015 | Pleasanton Weekly

    The city of Pleasanton and the Pleasanton Police Officers' Association have accepted a new three-year contract, retroactive to last May 3, that offers 3% pay increases each year through May 31, 2017, when the agreement will expire. The proposed settlement was reviewed Tuesday night by Debra Gill, the city's newly-promoted director of Human Resources/Labor Relations, before a four-member City Council and in a mostly empty chamber in the Civic Center.

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  3. San Bernardino bankruptcy: Judge rules city can reject police contractRead the original story w/Photo

    Mar 17, 2015 | San Bernardino County Sun

    RIVERSIDE >> A federal judge in San Bernardino's bankruptcy case ruled Tuesday that the city can reject its bargaining agreement with the city's police union. The city first asked for the power to reject the agreement in March 2013, so that it could impose a new contract that would leave more money in its coffers as it struggles to put together a workable post-bankruptcy budget - and less money, by extension, in police officers' paychecks.

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  4. Lanquist v. Ventura County Employees' Retirement AssociationRead the original story w/Photo

    Mar 16, 2015 | FindLaw

    Judgment denying Ventura County employees and plaintiffs Lanquist and Temple's petition for writ of mandamus to compel defendant Ventura County Employees' Retirement Association to grant their requests to purchase retirement service credit for military service as midshipmen at the United States Naval Academy is reversed, and the trial court is directed to issue a writ of mandamus requiring VCERA to grant plaintiffs' requests, where: 1) the terms "public service" and "military service, " as used in the County Employees Retirement Law adopted by the Ventura County Board of Supervisors, are interpreted to include service as a midshipman at the Academy; and 2) a member of the California Public Employees' Retirement System may properly purchase prior retirement service credit for active service with the Armed Forces or the Merchant Marine of the United States, and this includes Academy time.

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  5. Q & A: California public worker pensions at riskRead the original story w/Photo

    Mar 17, 2015 | Los Angeles Times

    Those attending a San Bernardino City Council hearing in 2002 react as the council declares a fiscal emergency and filed for bankruptcy protection. Those attending a San Bernardino City Council hearing in 2002 react as the council declares a fiscal emergency and filed for bankruptcy protection.

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  6. California public workers may be at risk of losing promised pensionsRead the original story

    Mar 17, 2015 | Los Angeles Times

    Judge says cities in bankruptcy are free to cut pension obligations in the same way they can cut other debts Two firms in San Bernardino bankruptcy say it's illegal for city to keep paying CalPERS while they get nothing As millions of private employees lost their pension benefits in recent years, government workers rested easy, believing that their promised retirements couldn't be touched. Feeling the heat is the state's huge public pension fund, the California Public Employees' Retirement System, known as CalPERS.

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  7. Tank to pay $125 mln dividend to shareholders, including Leonard GreenRead the original story w/Photo

    Mar 15, 2015 | PE Hub

    Tank Holdings is in the market with a $460 million term loan, according to T homson Reuters Loan Pricing Corp . Proceeds from the deal will be used to refinance debt and fund a distribution to shareholders, LPC said.

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  8. Daniel Borenstein: Labor perpetuates pension myth that 80 percent funding goal is OKRead the original story w/Photo

    Mar 15, 2015 | Contra Costa Times

    Public employee unions repeatedly insist that workers' pension funds need not be fully funded, that a target of 80 percent is fine. So it wasn't surprising that a retired labor leader advocated that position at a recent talk I gave in Oakland.

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  9. Ron Muhlenkamp - Fourth Quarter 2014 LetterRead the original story

    Mar 12, 2015 | GuruFocus.com

    Germany has reported disappointing numbers, particularly in capital goods. It looks like Europe is back in recession.

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  10. Calpers squeezing 8% fee savings from money managersRead the original story w/Photo

    Mar 12, 2015 | InvestmentNews

    The largest U.S. state pension fund, known as Calpers, projects that it will pay $930.7 million in base and performance fees to investment firms in the fiscal year that begins July 1, down from more than $1 billion this year and $1.3 billion last year, according to the fund's proposed budget. The $295 billion fund has been seeking to cut its costs and win fee concessions from money managers as it faces pressure to boost returns and cover retirement promises made to public employees.

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  11. REFILE-Calpers expects to pay 8 pct less in fees next year -BloombergRead the original story

    Mar 11, 2015 | Reuters

    The California Public Employees' Retirement System expects to pay 8 percent less to investment firms next year, Bloomberg reported on Wednesday. Calpers, the largest pension fund in the United States, expects to pay fees of $930.7 million to investment firms in the fiscal year beginning July 1, down from over $1 billion this year, Bloomberg said.

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  12. UPDATE 1-Calpers expects to pay 8 pct less in fees next year - BloombergRead the original story

    Mar 11, 2015 | Reuters

    The California Public Employees' Retirement System expects to pay 8 percent less to investment firms next year, Bloomberg reported on Wednesday. Calpers, the largest pension fund in the United States, expects to pay fees of $930.7 million to investment firms in the fiscal year beginning July 1, down from over $1 billion this year, Bloomberg said.

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  13. Calpers expects to pay 8 pct less in fees next year -BloombergRead the original story

    Mar 11, 2015 | Reuters

    The California Public Employees' Retirement System expects to pay 8 percent less to investment firms next year, Bloomberg reported on Wednesday. Calpers, the largest pension fund in the United States, expects to pay fees of $930.7 million to investment firms in the fiscal year beginning July 1, down from over $1 billion this year, Bloomberg said.

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  14. CalPERS looking at stricter governance policy for emerging marketsRead the original story

    Mar 10, 2015 | Pensions & Investments

    A new global governance policy expected to be approved by the investment committee of the $296.6 billion California Public Employees' Retirement System will subject CalPERS investments in emerging markets to tougher standards.

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  15. U.S. gold miner Allied Nevada files for bankruptcyRead the original story

    Mar 10, 2015 | Reuters

    Allied Nevada, which owns the Hycroft open pit gold and silver mine in Nevada, said in a statement it was filing to restructure its debt, which stood at $543 million at the end of September. Under the proposed restructuring, the company's creditors and vendors are expected to be paid in full, the company said.

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  16. AIMARead the original story w/Photo

    Mar 6, 2015 | Pensions & Investments

    The hedge funds industry, and the trade body that represents it, need to do more to communicate the purpose and role of hedge funds in a financial world that was changed by the 2008 crisis. "The hedge fund industry still doesn't have the best reputation outside of those that know it," said Jack Inglis, CEO of the Alternative Investment Manager Association Ltd., in an exclusive interview with Pensions & Investments.

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  17. LACSD shocked by pension costsRead the original story w/Photo

    Mar 6, 2015 | The Alpenhorn News

    At the Lake Arrowhead Community Services District regular meeting held February 10, the board heard from its finance manager that its costs for its pensions with the California Public Employees' Retirement System are more than doubling. According to documents obtained by The Alpenhorn News , the California Public Employees' Retirement System in its assumptions 'reduced its investment return rate from 7.75 percent to 7.5 percent and increased the average life expectancy by 2.1 years for males and 1.6 years for females' resulting in its unfunded liability increasing to 5.7 million dollars.

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  18. Madison Dearborn to make 2.8x its money with Ikaria saleRead the original story w/Photo

    Mar 6, 2015 | PE Hub

    The $2.3 billion sale of Ikaria Inc. is expected to produce a whopping 140 percent IRR for Madison Dearborn Partners after a one-year hold, a source said. Mallinckrodt plc said Thursday it would buy the critical care company in a deal valued at $2.3 billion, which includes debt.

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  19. Needing to up the ante on pensionsRead the original story w/Photo

    Mar 6, 2015 | The Wave

    Costa Mesa's Pension Oversight Committee brought a report to the City Council in late September, citing a very large number: $228 million. That, according to a 2012 estimate from the California Public Employees' Retirement System, was the unfunded portion of Costa Mesa's pension liabilities, up from a mere $9 million in 2001.

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  20. Tahoe PUD's leader, who's still collecting CalPERS pension, on for interim basisRead the original story w/Photo

    Mar 5, 2015 | Tahoe Daily Tribune

    Duane Whitelaw is officially responsible for overseeing the North Tahoe Public Utility District - but how much he can work will be restricted until his involvement in California's retirement pension program is resolved. During a special meeting Tuesday, the NTPUD board of directors unanimously appointed Whitelaw to the position of interim general manager/CEO, retroactive to March 1. "Duane, from the board's perspective, we're just so happy to see you be in this position, and it's your ship to guide," board president Lane Lewis said after the vote.

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