Posts Tagged: assets
The headquarters of the California Public Employees' Retirement System in Sacramento. (Photo: Kit Leong, via Shutterstock)
OPINION: Those who think about CalPERS often limit their perspective to the context of pensions for public employees. But the reality is that every single person who wants to be able to get a job in a community with affordable housing, good schools, safe streets, and accessible public services needs CalPERS to be successful. Otherwise, we will all pay a steep price.
Elizabeth Warren addresses Democrats earlier this year at a state party convention in San Francisco. (Photo: Gage Skidmore)
Our November tracking poll for California’s 2020 presidential primary election shows some significant changes in the field, with the national field gelling around four major candidates and the potential havoc of new candidates entering the race. The poll, in the field since April, has now surveyed over 7,500 likely voters, utilizing data supplied by Political Data Inc. It uses an online survey emailed directly to voters deemed likely to vote in the March Democratic primary.
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)
Calpensions: A federal judge ruled that CalPERS pensions can be cut in bankruptcy like other debt. He rejected the argument that the giant system is an “arm of the state” with pensions protected by federal law and two state laws on contracts and liens.
The city of Cerritos may be a trailblazer of sorts among local governments, but it’s leading the way on a trail that local governments probably don’t want to follow. The southern California community, which boasts a population just shy of 50,000 residents, is among the first of several city governments in California to go to the mat against the state controller’s review of its shift of local assets from the redevelopment agency.