Pensions

CalPERS won't say what climate companies it invests in. The pension also holds positions in fossil fuel, airlines, plastics manufacturing and technology.

Like other California state officials, UC's managers failed to adopt its new information tech program, resulting in a lawsuit against the vendors.

California unions are at odds and spending heavily in an election at CalPERS, the pension fund that provides retirement benefits to 2 million people.

CalPERS is putting more money in private equity as it seeks higher returns. That's a contested issue in an election for two seats on its board.

California's biggest pension fund and markets around the world learned to live with President Trump's tariff threats. CalPERS gained 11.6% on investments in 2024-25.

California has a huge long-term debt to pay for the retirement health care benefits it promised to state workers. But today, Gov. Newsom wants immediate budget savings and public employees want money in their pockets.

California firefighters say their retirement age puts them at risk of injury and illness. They're asking to lower that date, a move that former Gov. Jerry Brown warns would add risk to pension plans.

A bill that would usher in a major change in pension law could cost local governments billions. Yet it is sailing through the Legislature without any opposition.

The stock market selloff that followed President Trump’s latest tariff announcement underscored the “unprecedented” risk that California pension funds see in a potential trade war.

Gerry Serrano had an outsize presence in Orange County politics as a police union leader. He lost a court battle over how much of his pay should count toward his CalPERS pension.