Pensions

Gavin Newsom's rejection of key pension, work-from-home and environmental bills won him points with the political right but angered some unions and advocacy groups.

Gov. Gavin Newsom rejected a bill to lower the retirement age and sweeten pension perks for police and firefighters despite overwhelming support in the Legislature.

CalPERS Chief Executive Marcie Frost earned $387,000 in 2017. She'll take home at least $1.7 million this year after being awarded a record bonus.

The resignation of Anthropic researcher over his concerns about artificial intelligence companies "gambling with our lives" led to a discussion about the technology's risk at California's largest pension fund.

Government retirees who go back to work must follow strict pension laws or risk serious consequences with CalPERS. Several faced enormous bills.

A bill to boost pension benefits for police, firefighters and other public safety workers could cost state and local governments — and taxpayers — more than $8 billion.

California police and firefighters will be able to retire earlier and earn more generous pensions under a bill lawmakers sent to Gov. Gavin Newsom. It’s potentially expensive and government agencies are urging him to veto it.

Even with higher CalPERS earnings, upping pensions for public safety employees would cost the state and local governments $4.8 billion more.

A new California Supreme Court ruling upholds limits on how many vacation hours government workers can cash out and apply toward the pension formulas.

CalPERS' investment returns are important markers because they determine whether government agencies — and taxpayers — have to kick in extra money to cover losses at the pension fund. It eclipsed its target in 2025-26.