CalPERS

The Stockton Saga Continues: Untouchable Pensions on the Chopping Block?

by Barbara Shreero | Sheppard Mullin Richter & Hampton LLP on 5/22/2013

Judge Christopher M. Klein's decision to accept the City of Stockton's petition for bankruptcy on April 1, 2013 set the stage for a battle over whether public workers' pensions can be reduced through municipal reorganization....more

CalPERS Releases Estimates on New Actuarial Policies’ Impact on Employer Contribution Rates - Projected Rate Increases are Tied to...

by Allison De Tal, Isabel Safie, John Wahlin | Best Best & Krieger LLP on 5/1/2013

This past Friday, the California Public Employees’ Retirement System (CalPERS) released Circular Letter 200-019-13 which estimates the increase to employer contribution rates for fiscal years 2015/2016 – 2019/2020 based on...more

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

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 4/23/2013

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

CalPERS Adopts Actuarial Policies That Will Increase Employer Contributions - Estimates Suggest That Employer Contributions Will...

by Allison De Tal, Isabel Safie, John Wahlin | Best Best & Krieger LLP on 4/19/2013

On Wednesday, the Board of Administration of the California Public Employees' Retirement System (CalPERS) approved new actuarial policies that will have a significant impact on participating employers. The policies are...more

Judge Rules In Favor Of Stockton And Accepts Chapter 9 Petition

by Danielle Kennedy | Sheppard Mullin Richter & Hampton LLP on 4/10/2013

Round one of the fight between the City of Stockton, California and its creditors is finally over. On April 1, 2013, Bankruptcy Judge Christopher M. Klein held that Stockton satisfied the eligibility requirements for a...more

Bill on Bankruptcy: Stockton May Win the Battle, Lose the War [Video]

by Bloomberg Law on 4/3/2013

April 2 (Bloomberg Law) -- Although Stockton, California established the right to be in a Chapter 9 municipal bankruptcy, the judge warned the city that victory may be short-lived if bondholders prove that pensioners must...more

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

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 3/27/2013

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

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

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 2/20/2013

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

CalPERS To Consider External Investment Resource Disclosure Rule

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 2/13/2013

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

Big Names Gone Bankrupt in 2012

by Josh Crank | Lawyers.com on 1/7/2013

The Great Recession has altered the consumer landscape, forcing such familiar retailers as Borders, Circuit City and The Sharper Image into bankruptcy. And anyone who’s tried to buy a Twinkie in the last few weeks knows that...more

UPDATE: Court Rejects CalPERS’ Efforts to Lift Stay In San Bernardino Case

by Thomas Curtin, Douglas Mintz | Cadwalader - Financial Restructuring on 1/3/2013

In a ruling predicted by the Restructuring Review Blog last month, Judge Meredith A. Jury of the U.S. Bankruptcy Court for the Central District of California rejected arguments by CalPERS that the Bankruptcy Court should lift...more

California Dreaming? CalPERS Seeks Payment in Full of All Pension Obligations During Pendency of San Bernardino’s Chapter 9 Case

by Thomas Curtin, Douglas Mintz | Cadwalader - Financial Restructuring on 12/11/2012

California has seen a string of three Chapter 9 filings this year and faces a long line of distressed municipalities. Given this backdrop, the California Public Employees’ Retirement System (“CalPERS”) figures to play a...more

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The Stockton Saga Continues: Untouchable Pensions on the Chopping Block?

CalPERS Releases Estimates on New Actuarial Policies’ Impact on Employer Contribution Rates - Projected Rate Increases are Tied to...

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

CalPERS Adopts Actuarial Policies That Will Increase Employer Contributions - Estimates Suggest That Employer Contributions Will...

Judge Rules In Favor Of Stockton And Accepts Chapter 9 Petition

Bill on Bankruptcy: Stockton May Win the Battle, Lose the War [Video]

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

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

CalPERS To Consider External Investment Resource Disclosure Rule

Big Names Gone Bankrupt in 2012

UPDATE: Court Rejects CalPERS’ Efforts to Lift Stay In San Bernardino Case

California Dreaming? CalPERS Seeks Payment in Full of All Pension Obligations During Pendency of San Bernardino’s Chapter 9 Case

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

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

CalPERS Agrees That It Will Not Enforce Conflict Of Interest Policy

Bill on Bankruptcy: Stockton May Win the Battle, Lose the War [Video]

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