CalPERS shifted from stable, traditional assets to private equity and a private credit portfolio. Details about their investment risk and fees are secret.
Should California pension funds invest in fossil fuels? How about Tesla and Palantir? Or companies with anti-union records? Those debates are playing out at CalPERS and CalSTRS.
Unions for California Highway Patrol officers and Cal Fire firefighters are asking the state for a new retirement option that would complement their CalPERS pensions. It might reduce some pension-related payroll costs to the state.
The California Teachers Association organized to trigger a wave of negotiations and potential strikes to garner public attention and flex political muscle.
The legislative proposal by the California union known as PECG would require state agencies to offer telework options āto the fullest extent possibleā and mandate they disclose how much money they save by allowing remote work.