Posts Tagged: California Public Employees Retirement System
OPINION: Like most public employees, I pursued a career in state service because I want to serve the people of this state and do my part to promote a safe, healthy, well educated, and just California. I was also attracted to the financial security and benefits available to public employees. Unfortunately, politicization of at the California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) threatens these goals and makes me question whether my pension will be there for me when I retire in a few decades.
OPINION: The U.S. health care system is in a moment of reckoning. No one pretends to have the perfect solution. But there is something consumers can agree on: More transparency is needed. Consumers and their employers, which insure 49 percent of American health coverage, are demanding to know exactly what goes in to their health care costs.
OPINION: In Gov. Gavin Newsom’s recently released state budget he proposed to contribute an additional $3 billion to the CalPERS fund. This commitment is a prudent one that will help to ensure the long-term sustainability of the fund.
Two actuarial associations did not publish a controversial paper by their joint task force, reflecting a split in the profession over whether public pension debt should be measured with risk-free bonds or the earnings forecast for stock-laden investment funds.
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