News Archives

Articles for category State Employees

California pension proposal seeks to hike employee contributions

Posted Jul 12, 2011 by    categoryCalPERS categoryRetirees categoryGeneral News categoryState Employees

From California to Florida, many public employees are paying more for their pensions now than a year ago as strapped state and local governments cast about for savings.

Now a sweeping Republican proposal in the California Senate, among other changes, would hike how much all current and future state and local government workers pay toward their pensions.
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California Budget Deal Leaves GOP out in Cold

Posted Jun 30, 2011 by    categoryRetirees categoryGeneral News categoryState Economy categoryState Employees

California's legislature passed a Democrat-crafted plan late Tuesday to close a budget gap that initially stood at $27.6 billion—the first time in decades that state lawmakers approved a budget without Republican support in a move that could have far-reaching consequences for California.

The $86 billion spending plan for the fiscal year starting Friday was endorsed Monday by Democratic Gov. Jerry Brown after he earlier vetoed another budget passed by the legislature. The new budget was approved by just over half of each house of the legislature, the first such budget since California voters last year reversed a decades-old law requiring budget approval by two-thirds of lawmakers. The reversal meant the budget could pass with support from only Democrats.

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Brown, Democrats reach budget deal without taxes

Posted Jun 28, 2011 by    categoryGeneral News categoryState Economy categoryPolitics categoryState Employees

Abandoning negotiations with Republican lawmakers, Gov. Jerry Brown struck a deal with Democrats for a budget that assumes billions of dollars in fresh revenue — but could lead to major service cuts if the money doesn't materialize.

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Brown's spokesman calls Republicans 'basically moronic'

Posted Jun 27, 2011 by    categoryLegislation categoryState Economy categoryPolitics categoryState Employees

With California's new fiscal year starting Friday and no compromise with the GOP on a budget in sight, Gov. Jerry Brown's chief spokesman called Sacramento Republicans "basically moronic" for failing to strike [Read More...]

Public Unions Take On Boss to Win Big Pensions

Posted Jun 23, 2011 by    categoryCalPERS categoryRetirees categoryState Economy categoryRetirement categoryState Employees

New York Times June 21, 2011

Then Jim Righeimer, a conservative activist and real estate developer, jumped into the race last year.

The city was on the road to insolvency, he warned, because public employee unions had pressured politicians into handing over generous salaries and pensions. The police chief received $298,000 a year in total compensation, Mr. Righeimer noted. The deputy fire chief had retired with a pension of more than $182,000 a year.
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California budget talks hit an impasse

Posted Jun 08, 2011 by    categoryGeneral News categoryState Economy categoryPolitics categoryState Employees

Republican lawmakers are prepared to let voters decide whether to close California's stubborn budget deficit with higher taxes in exchange for major changes in state spending, public pensions and regulatory policies.

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California public employees get more compensation, disputed report says

Posted May 06, 2011 by    categoryCalPERS categoryPolitics categoryRetirement categoryState Employees

Battle lines sharpened Thursday over California's public pensions with the release of a new report that concludes pay and benefit packages for public workers are better than those for their counterparts in the private sector.

Commissioned by pension overhaul advocates poised to seek changes, the report drew immediate fire from public employee unions, which have muscled up to fight the emerging pension wars.

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Ohio sets stage for national union-rights fight

Posted May 03, 2011 by    categoryGeneral News categoryState Economy categoryState Employees

With Wisconsin convulsed by unrest over a bill to curb public employee unions, a similar measure is steaming toward passage in Ohio, a bigger labor stronghold with a vital role as a political battleground. [Read More...]

Brown's Countdown, Day 89: California tax debate goes on the road

Posted Apr 08, 2011 by    categoryState Economy categoryPolitics categoryState Employees

Sacramento Bee

Published Friday, Apr. 08, 2011

With the budget stuck in neutral, Gov. Jerry Brown and lawmakers are leaving Sacramento to bolster their case for and against taxes.

The dueling roadshows reflect the fact that the parties remain at loggerheads after talks broke down last week. Facing a remaining $15.4 billion deficit, Brown is still seeking an election on taxes.

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A Message from CalPERS CEO Anne Stausboll

Posted Apr 08, 2011 by    categoryCalPERS categoryGeneral News categoryRetirement categoryState Employees

Dear CalPERS Members, Employers and Stakeholders,

CalPERS recently took bold action and made public a report that chronicles in sobering detail the alleged wrongdoings of its former Chief Executive Officer and several former Board Members.

It is not possible to explain or excuse the chronicled actions of these former officials and we will make no attempt to do so. I am truly sorry that our members and the taxpayers who support the incredibly important work of every public servant have been placed in a position where they might question the integrity of this organization.

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