CalPERS is preparing to pay out roughly $800 million to settle claims that it misled retirees when it began offering long-term care insurance in the late 1990s and pledged it wouldn’t substantially ...

This is a preview of our weekly State Worker Bee newsletter. Subscribers receive exclusive tidbits like this one, as well as a weekly roundup of all our state worker coverage. Sign up here. Have a tip ...

Every four years, California’s largest public pension fund undertakes a reevaluation process to balance its anticipated investment returns with the expected cost of benefits paid to retirees. This ...

More generous-than-expected raises for California state workers are nudging up the cost of public employee pensions, according to the California Public Employees’ Retirement System. But, for one year, ...

The California Public Employees’ Retirement System, or CalPERS, headquarters buildings are photographed Thursday, Sept. 16, 2021, in downtown Sacramento. Xavier Mascareñas [email protected] Over ...