January, 2012

28
Jan
2012

Clamor grows to reign in California pension benefits…

Categories: California Developments

Gov. Jerry Brown pledges to cut spiraling costs, but key parts of his rollback plan apply mainly to future workers. Activists want quicker action.

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25
Jan
2012

CalSTRS reports 2.3 percent earnings on investments…

Categories: California Developments

CalSTRS announced meager investment gains for 2011 – and repeated its plea to the Legislature for help. The California State Teachers' Retirement System said Tuesday it earned a 2.3 percent return last year.

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24
Jan
2012

CalPERS earns 1.1% on investments in 2011…

Categories: California Developments

The nation's largest public pension fund, the California Public Employees' Retirement System, posted a 1.1% return on its investment portfolio in 2011, Chief Investment Officer Joseph Dear told his board.

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10
Jan
2012

Hatch Report – The pension debt crisis…

Categories: National Developments

The pension funding crisis facing state and local governments has been widely reported. Vested pension benefits are a fixed financial obligation of governments, and to the extent the assets that have been set aside to pay for the benefits are inadequate, the pensions represent an unfunded financial obligation.

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09
Jan
2012

Teachers 403b plans see big changes…

Categories: National Developments

403(b) programs are becoming more like corporate 401(k) plans as school districts respond to revised rules.

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