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Court to hear oral arguments remotely in ‘California-rule’ case
Headline: Court to hear oral arguments remotely in ‘California-rule’ case
Publication: Pensions & Investments
Article Date: April 17, 2020
The California Supreme Court has scheduled oral arguments for May 5 in a case that could re-examine the so-called California rule for calculating public pension benefits, which has been adopted by nearly a dozen other states. Read Article…
CalPERS votes to sponsor bill to keep lid on private debt investments
Headline: CalPERS votes to sponsor bill to keep lid on private debt investments
Publication: Pensions & Investments
Article Date: February 20, 2020
CalPERS board voted to sponsor a bill in the state legislature to keep some information about its private debt investments private — without seeing a draft of the proposed legislation. Read Article…
Coronavirus prompts CalSavers to extend registration deadline
Headline: Coronavirus prompts CalSavers to extend registration deadline
Publication: Pensions & Investments
Article Date: April 17, 2020
The CalSavers Retirement Savings Program oversight board extended the registration deadline for employers in the state with more than 100 employees to Sept. 30 from June 30. Read Article…
Two key leaders abruptly depart county pension system
Headline: Two key leaders abruptly depart county pension system
Publication: UT San Diego
Article Date: April 6, 2020
CEO Wescoe leaves for private sector; resignation of Trustee Vortmann was not explained. Read Article…
Recent stock market losses may spike local pension costs, but not immediately
Headline: Recent stock market losses may spike local pension costs, but not immediately
Publication: UT San Diego
Article Date: April 6, 2020
Most pension systems are facing less severe losses than they suffered in the stock market crash of 2008 and 2009, because they have lowered long-term performance projections and revamped their portfolios to be less risky. Read Article…