By: @Aaron Avery On October 28 in San Diego, the California Public Employees’ Retirement System (CalPERS) is holding a free forum aimed at local elected officials, including special district board members, as well as high-level public agency staff such as General Managers. The purpose of...
On November 15, 2022, CalPERS' Pension and Health Benefits Committee adopted revised regulations governing limited duration employment of certain retired persons, for purposes of clarifying Government Code sections 7522.56, 21224, and 21229. CalPERS drafted the proposed regulation to...
On November 2, 2022, the California Public Employees’ Retirement System (CalPERS) is holding a free forum aimed at local elected officials, including special district board members, as well as high-level public agency staff handling CalPERS retirement matters. The purpose of the forum is to...
CalPERS has released its preliminary financial performance results for Fiscal Year 2021-2022, showing a Net Investment Return of -6.1 percent. As of the end of the fiscal year, CalPERS’ assets were valued at approximately $440 billion. The results were driven by recent, widely-publicized,...
On Thursday, June 30, Governor Gavin Newsom signed a $308 billion State Budget and an additional 29 budget trailer bills. Over the June 25-26 weekend, the Governor and legislative leadership came to an agreement on the budget framework and supplemental budget bills were heard the following week....
Senate Bill 1173 (Gonzalez) – Public retirement systems: fossil fuels: divestment – was scheduled to be heard in the Assembly Committee on Public Employment and Retirement on June 22, 2022, but its hearing was postponed. Having now failed its July 1, 2022, deadline to be voted out of policy...
On June 17, 2022, the formal public comment period opened for the proposed CalPERS regulation governing limited duration employment of retired persons, for purposes of clarifying Government Code sections 7522.56, 21224, and 21229. The comment period will close on August 1, 2022, as discussed in...
The California Public Employees’ Retirement System (CalPERS) has announced that it will not be invoicing public agency employers with agreements under Section 218 of the Social Security Act for certain fiscal year 2022-2023 maintenance fees. The CalPERS announcement may be viewed here . ...
On Monday, April 18, 2022, the Pension and Health Benefits Committee of the CalPERS Board of Administration voted to move forward with adoption of a regulation governing limited duration employment of retired persons, for purposes of clarifying Government Code sections 7522.56, 21224, and 21229....
On December 9, 2021, CSDA joined a coalition letter seeking certification of certain federal grants to California transit agencies. The letter was sent to the secretaries of the United States Department of Transportation and United States Department of Labor (USDOL). A copy of the letter can be...
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