Pensions

A pending bill would allow the California Public Employees Retirement System to make direct loans and shield their details from public scrutiny.

When an investment strategy is adopted, the discount rate is set, which is key in estimating how much future benefits are expected to cost.

Tens of thousands of Californians may be forced to spend the next few days without power while dry, powerful winds slam the northern part of the state. PG&E said Tuesday it will likely cut power to about 54,000 customers in portions of 24 counties through Friday while much of Northern California remains under a red-flag […]

California's public pension system faces a huge unfunded debt but dealing with it involves increasing risk.

Today’s ruling gives counties the right to prevent “abuse of the pension system,” but stops short of ending a half-century of precedent. “It’s probably great news for pension lawyers.”

Having learned a hard lesson from the 2008 financial crisis, CalPERS has taken steps over the last couple of years to prepare for another downturn.

How does the nation's biggest public pension system pay down its debts amid a global economic collapse? One idea: Become a banker.

Today’s socially distanced oral argument was just the latest installment in a nearly decade’s long legal drama that pits unionized public sector workers against cash-strapped state and local governments and pension debt hawks.

We need to meet the financial challenges of the coronavirus pandemic while also sustaining government programs and services with ideas for tax reform.

The financial woes of a small fire district in Stanislaus County demonstrate the effects of rapidly rising pension costs.