The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)
Calpensions: After the board was told last April that CalPERS could not track the incentive payments, known as “carried interest,” a wave of media criticism grew with stories in the New York Times late last month and Fortune magazine last week. A pension fraud investigator, Edward Siedle of Benchmark Financial Services, launched an Internet fund-raising campaign on Kickstarter to raise $750,000 for a “forensic investigation” of the California Public Employees Retirement System.
Two aspects of health care: A claim form and money,. (Photo: Zimmytws via Shutterstock)
A high-stakes ballot measure going before voters Nov. 4 has divided California Democrats, with the state party and some of its most prominent politicians on opposite sides. The initiative, Proposition 45, would empower the state’s elected insurance commissioner to approve health insurance rates.