Posts Tagged: report
News
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.
Opinion
As a physician – especially a physician living in Los Angeles – I am deeply concerned about the effects of air pollution on lung health. Southern California is home to some of the most entrenched air pollution in our nation and it affects the millions of our residents living with asthma, heart and lung disease and other chronic health conditions.
News
There may be lack of water, but there’s no dearth of printer’s ink: Here’s a quick rundown of reports from key government agencies.
Opinion
OPINION: By accelerating the development and deployment of alternatives to oil, California’s Low Carbon Fuel Standard—which the Air Resources Board will consider this week —helps untangle us from regimes that do not share our values. It helps make our nation stronger by weakening regimes that use oil to pay for their murderous acts, and makes the world a little bit safer.
News
John O’Hagan of the Division of Water Rights told the board that the state’s snow water equivalent — which is the amount of water that the Sierra snow pack will produce — is only 14% of average. He added the states reservoirs are only 50 percent of capacity. Both figures elicited a gasp from those present.
News
Forty years later, the parsimonious Brown is still butting heads with the UC system’s president over money. The issue is simple: The state wants to know in detail how UC spends its money, the first step if the state is to give the system more money in the 2015-2016 budget.
News
Missing its own deadline last week, the University of California is now more than two months behind in disclosing to the state Legislature and the Department of Finance details of its expenses. The 10-campus university system first failed to meet an Oct. 1 deadline. It then submitted a seven-page preliminary account on Oct. 31 while requesting an additional six weeks to complete a final report. Those six weeks expired on Dec. 11.
News
Calpensions: In a few years CalPERS retirees are expected to outnumber active workers, a national trend among public pension funds that makes them more vulnerable to big employer rate increases. The growing number of retirees, partly due to aging baby boomers, is one reason a staff report last week argues that CalPERS has too much “risk.”
News
For an obscure elective office that is often ignored, unknown or regarded as superfluous in California’s convoluted education bureaucracy, the November election for state Superintendent of Public Instruction is shaping up as one of the most contentious — and costly — races among statewide candidates. It has become a lightning rod for widespread dissatisfaction with schools in California, which have consistently been ranked among the lowest-performing and poorly funded in the nation.
News
Merced County pensions may have the lowest funding level of any public pension system in California, a shortfall officials attribute to a big retroactive pension increase for all county employees a decade ago and faulty actuarial work. In the latest annual public pension report from the state controller’s office, Merced County stands out with the lowest level of funding in the last reported year, 54.7 percent in 2010-11.
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)
