Ex-chief of huge pension fund guilty of bribery

SAN FRANCISCO (AP) — The former head of the nation’s largest pension fund admitted Friday that he took bribes, including hundreds of thousands of dollars stuffed in paper bags and a shoe box, and helped […]


California Public Employees' Retirement System (AP Photo)

Report: pension payouts doubled after benefit bump

SACRAMENTO, Calif. (AP) — California’s biggest public pension system saw retirement payouts for new retirees double between 1999 and 2012 as higher pensions established years ago started taking effect. New CalPERS data analyzed by the […]


(AP Photo)

Public officials criticize Kaiser for rate hikes

OAKLAND, Calif. (AP) — One of California’s biggest insurers is drawing complaints from employers who say the company’s policies are no longer the bargain for quality care that they once were. The Los Angeles Times […]


California Public Employees' Retirement System (AP Photo)

CalPERS delays releasing pensioners’ data online

SACRAMENTO, Calif. (AP) — The nation’s largest public pension fund says it will delay posting pensioners’ data online in response to a push to restrict the amount of information that is released to the public. […]


Stockton flag (AP photo)

Judge rules Stockton to enter bankruptcy

SACRAMENTO, Calif. (AP) — A judge accepted the California city of Stockton’s bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy.


LA’s Morning News is on the Air Now

Penny and Phil are on the air now! Tune in 5-9am for: Oscar Nominations, Who’s Grumpier in the Morning Men or Women?, White House Gun Control, CalSTRS Portfolio Divests from Gun Manufacturers, Great Park Chop, […]


Calif. teachers fund moves to divest from firearms

SACRAMENTO, Calif. (AP) — The nation’s largest teacher pension fund took the first step Wednesday toward divesting from companies that make guns and high-capacity ammunition magazines that are illegal in California.


Ex-Bell police chief won't double pension to $510K

LOS ANGELES (AP) – A former police chief who was fired after revelations of corruption and scandal that unseated most of the city of Bell’s government has lost his appeal to double his annual pension. […]


Gov. Brown signs California pension reform bill

LOS ANGELES (AP) – Gov. Jerry Brown on Wednesday signed into law sweeping pension changes that will save California taxpayers billions of dollars in the future and aims to reform a system that is woefully […]


Pension changes get initial OK in Legislature

SACRAMENTO, Calif. (AP) – The state Assembly on Friday approved sweeping changes to public employee pensions that were expected to move quickly to Gov. Jerry Brown and be signed into law. The main pension bill, […]



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