News Now
California cities can’t swap pensions for 401(k) plans if they’re in CalPERS under new law
Headline: California cities can’t swap pensions for 401(k) plans if they’re in CalPERS under new law
PublicationL The Sacramento Bee
Article Date: 09/29/2020
Gov. Gavin Newsom this week signed legislation preventing cities and counties from excluding groups of employees from CalPERS pensions when they offer them for other groups. Read More…
State Supreme Court passes on Marin pension case
Headline: State Supreme Court passes on Marin pension case
Publication: Marin Independent Journal
Article Date: 9/27/2020
The California Supreme Court has dealt a blow to fiscal hawks who hoped a Marin County lawsuit would set a new precedent allowing governments to renegotiate pension agreements with employees. Read More…
2020 Public Plan Investment Update and COVID-19 Market Volatility
Headline: 2020 Public Plan Investment Update and COVID-19 Market Volatility
Publication: Center For Retirement Research at Boston College
Article Date: 09/01/2020
The Center For Retirement Research at Boston College has put out a brief. One of its key findings is that despite the market rebound, most public pension plans ended FY 2020 with investment returns that fell short of actuarial expectations. Read More…
October is National Retirement Security Month
Headline: October is National Retirement Security Month
Publication: GlobalNewswire
Article Date: 9/02/2020
NAGDCA today announced it has extended National Retirement Security Week to National Retirement Security Month, to be observed during October. Read More…
Politicizing CalPERS, CalSTRS puts pensions at risk
Headline: Politicizing CalPERS, CalSTRS puts pensions at risk
Publication: Capitol Weekly
Article Date: 09/15/2020
CalPERS and CalSTRS must eschew politically based investment decisions and instead focus solely on delivering maximum returns so that agencies and employees have the resources to build a stronger and more just California. Read More…