The nation’s second largest public pension fund, reacting to a mass school shooting in Connecticut last month, is taking a new look at the “social” impact of its $150 billion investment portfolio.
The California State Teachers Retirement System found that it owned stock, apparently in violation of its own policy, in the maker of
After decades of prison planning work in California and around the country, I’ve seen two prevailing assumptions about crime and punishment begin to finally begin to crack after years of real-world testing.
The first is that prisons are the primary way to reduce crime. The second is that law enforcement will not support changes
More money for the underfunded California State Teachers Retirement System may be considered by the Legislature next year, thanks to new attention from lawmakers and a state budget deficit narrowed by a voter-approved tax increase this month.
After years of ignoring pleas for a rate hike, the Legislature approved a resolution last August, SCR
The CalPERS board may make it more costly for struggling local governments to close their pension plans.
A pending change is driven in part by unusually low interest rates and the fear of an unlikely, but now not inconceivable, collapse of a large employer like the bankrupt city of San Bernardino.
The cost
The CalPERS board may make it more costly for struggling local governments to close their pension plans.
A pending change is driven in part by unusually low interest rates and the fear of an unlikely, but now not inconceivable, collapse of a large employer like the bankrupt city of San Bernardino.
The cost