Pension

Gov. Jerry Brown at a news conference at the Capitol in Sacramento on Jan. 9, 2014. (AP Photo/Rich Pedroncelli)

Brown vows to start debate over teacher pensions

SACRAMENTO, Calif. (AP) — In Gov. Jerry Brown’s promise to start paying off California’s massive liabilities, the largest single unfunded debt will not be seeing any additional pay-down in the coming fiscal year. The unfunded liability for teachers’ pensions stands at more […]

01/11/2014

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. […]

07/10/2013

Money 101: Smart ways to manage your money

We have the information you need to help with your finances. Today on Money 101 with Bob McCormick the conversation will include: How to leverage your Social Security as an investment tool — expert Andy […]

05/01/2013

Atlanta to San Diego: 7 cities’ pension problems

The Associated Press recaps seven cities with pension problems.

01/02/2013

Bid to get LA pension measure on ballot dropped

LOS ANGELES (AP) – Organizers have dropped a bid to get a Los Angeles pension reform measure on the May ballot. Former Mayor Richard Riordan’s Save Los Angeles campaign was working to gather 300,000 signatures […]

11/26/2012

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 […]

09/12/2012

Report: Teacher fund lax on anti-spiking efforts

SACRAMENTO, Calif. (AP) – A new report released Wednesday by the state controller’s office found that the nation’s largest teacher pension fund has been so lax about detecting pension spiking at California school districts that […]

09/05/2012

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, […]

08/31/2012

Democratic lawmakers to release pension fixes

SACRAMENTO, Calif. (AP) – The Legislature‘s Democratic leaders are set to release a bill package they say meets Gov. Jerry Brown’s demand for pension reform. Senate President Pro Tem Darrell Steinberg said he expects to […]

08/28/2012

Riordan, business leaders threaten Ballot Measure to alter city pension system

(CNS) – A coalition of business leaders, including former Mayor Richard Riordan, threatened today to mount a ballot measure campaign to take away the authority of the city’s leadership over the city’s pension system and […]

08/15/2012

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