Category Archives: CalPERS

CalPERS Devises “Heads I Win, Tails You Lose” Gamble for Long-Term Care Policyholders in Settlement

Why the proposed CalPERS long-term care insurance settlement has the look and feel of a con job.

CalPERS’ Long-Term Care Fiasco: Private Burial to Hide Malfeasance, Failure to Implement Legislation

A key fact in CalPERS’ long-term care debacle: the giant fund flagrantly violated the statute govening this progam.

CalPERS Election Dirty Tricks: Hit Piece Depicts Board Member Margaret Brown as Safety Harrasser

A safer CalPERS in your future?

Prominent CalPERS Retiree Group Warns California Secretary of State About Illegal, Hacking-Friendly Voting Methods

An important CalPERS beneficiary group calls out the fund’s use of illegal, insecure, fraud-friendly internet and phone voting.

EXPOSED: How CalPERS Tried and Continues to Try to Cover Up Former Chief Investment Officer Ben Meng’s Misconduct

A CalPERS case study in “The cover up is worse than the crime,” Ben Meng edition.

Board Member David Miller Takes CalPERS-Paid Vacation by Abdicating Oversight, Obstructing Board Members Doing Their Job

Why David Miller deserves a special place in the CalPERS board member Hall of Shame.

EXPOSED: CalPERS’ Brainwashed Board in Denial that CIO Meng Caused His Own Downfall with Information He Himself Provided

CalPERS’ secret rmeeting after CIO Meng left in a huff shows how staff controls the board, here by falsely claiming internal sabotage.

EXPOSED: Transcript of CalPERS Closed Session on Ben Meng Departure Shows Clear and Extensive Violations of Transparency Laws, Builds Case for Contempt Ruling by Judge Markman (Presiding)

Oops! CalPERS released nearly all of a transcript of a board meeting after Ben Meng’s resignation that it was fighting to keep secret.

CalPERS Officially a Laughingstock Around the World: London Newsletter Sniggers Over Failed Chief Investment Officer Search Even While Omitting or Getting Worst Facts Wrong

Even commentary meant to be hard on CalPERS manages to understate how bad things are.

CalPERS Comes Dead Last of 34 Public Pension Returns Despite Having Biggest, Best Paid Investment Office

CalPERS can’t manage its way out of a paper bag.

“RLB Can Suck a Dick”: CalPERS Board VP Theresa Taylor Debases CalPERS, Sneers at Workers and Little People in Unhinged, Factually False Attack on SEIU California President

CalPERS Board VP and Investment Committee chair Theresa Taylor has yet another put foot in mouth and chew incident.

Quelle Surprise! New Study Confirms that Public Pension Funds Use Flattering Benchmarks to Hide Failure to Beat Simple Indexing; CalPERS Is a Case Study

Documenting yet another way public pensions funds lie to themselves and their many constituencies about their performance.

California Senate Shoots Down CalPERS’ Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations

CalPERS is no longer being given the benefit of the doubt by the legislature, and can’t handle a request to ‘splain itself.

CalPERS Desperate Response to Suit Over Illegal Secret Board Discussions and Other Abuses Seeks to Drag Case Out as Long As Possible

CalPERS’ intelligence-insulting answer to former board member Jelincic’s transparency lawsuit says that CalPERS is just dragging things out.

CalPERS Long-Term Care Program Bleeds Policyholders Dry via 10X Higher Premiums, Gross Mismanagement, Bad Faith Dealing

CalPERS continued to abuse its long-term care policy holders, via contract-defying rate increases vastly higher than other insurers.