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Law Mandates CalPERS/CalSTRS Support For Shareholder Resolutions Supporting Religious Minorities

In 1999, the legislature enacted SB 105 (Burton) which obligates CalPERS and CalSTRS to support, whenever feasible, shareholder resolutions at domestic and international corporations in which those funds have invested that...more

4/23/2013 - CalPERS CalSTRS Discrimination Religious Discrimination Religious Minorities

Court Clears Way For Case Against CalPERS, Judicial Council & Prison Healthcare Receiver

Nearly two years ago, Mr. Daniel E. Francis filed a petition for writ of mandamus against CalPERS and other based on allegations that the penstion fund had laundered the salary of the receiver appointed by the U.S. District...more

3/27/2013 - CalPERS Fraud Pensions

Judge Puts Off Decision On Whether Receiver’s CalPERS Benefits Are Unconstitional

Did CalPERS Make A Gift Of Public Funds? On January 23, 2008, the federal court appointed J. Clark Kelso as a receiver for California’s prison health care system. In 2011, a taxpayer filed a petition for write of...more

2/20/2013 - CalPERS Federal Court Receiverships Public Funds Unconstitutional Gifts

CalPERS To Consider External Investment Resource Disclosure Rule

Last August the Investment Committee of the California Public Employees’ Retirement System (CalPERS) approved revisions to its External Investment Resource Conflict of Interest Policy. A week later, I asked the Office of...more

2/13/2013 - Administrative Procedure Act CalPERS Conflicts of Interest External Investment Resource Conflict of Interest Policy External Managers Investment Funds Office of Administrative Law Underground Regulation

Can CalPERS Be Sued In Federal Court Or Perhaps Even New York State Court?

The California Public Employees’ Retirement System began lending securities in the early 1980s. Since the early 1990s, CalPERS has used the Master Securities Loan Agreement (MSLA) originally developed by the former Bond...more

12/4/2012 - CalPERS Federalism Forum Selection Clause Securities

Court Holds That Same Attorney May Advocate Before The ALJ and Agency Head

The Department of Corporations, like many state and federal agencies, does not observe a strict separation of powers. Indeed, the Department performs quasi-legislative functions in the form of rule making, prosecutorial...more

12/3/2012 - Administrative Procedure Act CalPERS Due Process

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