Category Archives: CalPERS

As CalPERS Doubles Down on Private Equity, New Analysis Finds CalPERS’ Private Equity Returns “Based on a Mirage;” Another Study Reaffirms that Private Equity Drags Down Performance

Yet more reasons why CalPERS needs to kick its private equity bad habit.

CalPERS Continues to Endanger Employees During Extended Covid Surge Over Union Objections; Falsely Said It Was Complying With California Requirements; Appears To Be Understating Case Count

CalPERS is having employees service the egos of managers by coming to the office rather than protecting them from Covid by teleworking.

A Small Win Out of Our Post on CalPERS’ Covid Regulation-Breaking and (Yet Again) Fibbing

Our warning about a big Covid outbreak at CalPERS may not have produced any changs there, but it did lead other state agencies to shape up.

CalPERS Staff in Fury Over Covid Negligence, Regulation-Breaking Risking Staff, Seniors, and Day-Care Children; CalPERS Lies About Cases and Lack of Compliance

CalPERS has risen from being a risk to merely to the financial health of beneficiaries and taxpayers to being a bona fide health hazard.

Calling All CalPERS Long-Term Care Policyholders! Kaiser Health News/New York Times Want to Hear Your Stories

CalPERS long-term care victims, um, policyholders: the press is interested in your plight! Use the link in this post to a NYT contact form.

CalPERS Long-Term Care Program Fiasco

Another presentation by unhappy retirees about the CalPERS long-term care train wreck.

JJ Jelincic Appeals His Largely-Successful Ruling Against CalPERS to Obtain Still-Hidden Parts of Transcript and Undermine Matt Jacobs Protection Racket

JJ Jelincic and his attorney believe the court made serious errors in a CalPERS Public Records Act case that went largely in their favor.

CalPERS Drops Long-Term Care Settlement, Which Was Designed to Suck More Money into Ponzi Scheme and Then Fail

How CalPERS set out to further screw its already abused long-term care policyholders.

CalPERS Consultant Global Governance Advisors Recommends Further Overpaying Grossly Underperforming CalPERS Staff

How a new consultant, Global Governance Advisors, is helping CalPERS executives and staff even better line their pockets.

Pennsylvania Public Pension Fund Trustee Katie Muth Has to Sue to Find Out What Fund Is Investing In

Proving how deep intransigence runs among public pension fund staff, PennPSERS trustee Katie Muth is suing to find out what the fund owns.

News Flash: CalPERS Invents Time Machine! Not News: CalPERS Again Lies in Suit Over Illegal Secret Board Meeting and Smears Former Board Member Margaret Brown as Diversion

CalPERS digs its hole even deeper in its effort to keep parts of a board transcript secret. What dirt does it contain?

CalPERS Continues to Grossly Misrepresent Facts and Law to Avoid Disclosing Full Transcript of Improper Board Meeting After CIO Ben Meng Quit; Will Judge Markman Buy It?

True to form, CalPERS general counsel Matt Jacobs is playing fast and loose with the law and facts. Will Judge Markman let him get away with it?

Wrong Way CalPERS: Dumping $6 Billion of Private Equity After Struggling to Put Money to Work and Then Increasing Target

CalPERS is trying to do something more obviously nonsensical than usual.

Judge Rules CalPERS Violated Bagley-Keene Open Meeting Act by Holding Improper Closed Session After Ben Meng Resignation

CalPERS got a bloody nose in court. Maybe the board will wise up and behave better in the future.

Bloomberg, Other Publications Criticize CalPERS’ Leverage on Leverage Plan to Boost Returns While Missing Additional Types of Borrowing

CalPERS, which has lagged nearly all other public pension funds’ performance, is doubling down on failure by resorting to leverage.