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CalPERS Board Vote Angers Governor Jerry Brown

Thursday, August 21, 2014 | Sacramento, CA
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CalPERS / calpers.ca.gov
 

CalPERS / calpers.ca.gov

New public employee pension rules approved Tuesday have Governor Jerry Brown ticked off. The board of the nation's largest pension fund, voted to approve 99 types of supplemental pay that will count towards pensions for government workers.

More at the CaliforniaReport.org.


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    CalPERS Board Approves Increased Contribution, CalSTERS Concerns Remain

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    The board of CalPERS voted to ask for more money, starting in the new fiscal year, and phasing up. There's also concern over the future solvency of CalSTERS, the pension fund for teachers, facing an unfunded liability of $71 billion.

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