Wednesday, March 14, 2012

California pension funds

  • By JUDY LIN Associated Press SACRAMENTO, Calif.
  • (msnbc.com)
  • CalPERS, the largest U.S. public pension fund with about $233 billion in assets, provides retirement benefits for more than 1.6 million California state, local government, and public school employees, retirees and their families.
  • (San Jose Mercury News)
  • The California Public Employees' Retirement System, the largest U.S. public pension, voted to lower its assumed rate of return for the first time since the recession dragged down stock and real-estate prices. The $235.
  • (Bloomberg)
  • The California State Teachers' Retirement System, the second-largest U.S. public pension fund, opposed Walt Disney Co. (DIS)'s executive-pay plan and the decision to combine the roles of chairman and chief executive officer.
  • (Bloomberg)
  • Shift 2,377 miles westward from the U.S. Capitol to the California Capitol and its a much different story. Californias big public pension funds also use discount rates, but they are in the 7.5 to 8 percent range.
  • (North County Times)
  • To boost her pension, which would be based on her final salary to help control spiraling costs.
  • (Los Angeles Times)
  • It looks like the nation's largest public pension fund will follow the example set by Rhode Island, the L.A.
  • (WPRI)

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