Pensions

California is expected to spend about $8.7 billion on state worker pensions next year. Gov. Gavin Newsom wants to offset some of that cost by repurposing a previously scheduled debt payment.

Some California retirees are losing income as their pension funds make adjustments to comply with a 2013 law that attempted to curtail "spiking."

With temperatures soaring and air conditioners working overtime, Californians’ electricity bills are peaking as well. Will a contentious new rate proposal help families, especially those living paycheck to paycheck? That’s the big question explored by Wendy Fry of CalMatters’ California Divide team. Last year, the Legislature and Gov. Gavin Newsom passed an energy bill requiring […]

Climate activists and some lawmakers want two of California’s pension funds to shed about $15 billion of fossil fuel holdings. They say the move would reduce oil and gas companies’ political power, but opponents say it would be a bad move financially.

As of Friday, Anthony Rendon will no longer be the speaker of the California Assembly — the culmination of a messy and protracted handover of power to Democratic Assemblymember Robert Rivas from Salinas.  On his way out, the Lakewood Democrat has been conducting a very public HR exit interview of sorts — reflecting openly on […]

State workers say their lower than private sector salaries were offset by pensions, better benefits, job security. Is the tradeoff still worth it?

California schools could be facing the largest number of teacher retirements ever, but factors like enrollment drops should take the sting out of it.

A pending bill would allow the California Public Employees Retirement System to make direct loans and shield their details from public scrutiny.

When an investment strategy is adopted, the discount rate is set, which is key in estimating how much future benefits are expected to cost.

Tens of thousands of Californians may be forced to spend the next few days without power while dry, powerful winds slam the northern part of the state. PG&E said Tuesday it will likely cut power to about 54,000 customers in portions of 24 counties through Friday while much of Northern California remains under a red-flag […]