How Private Equity Bribes Public Pension Fund Officials: Subsidized/Fund-Paid Lavish Travel and Entertainment
Yet more private equity corruption! And see how little it costs to buy the assent of public pension fund employees.
Read more...Category Archives: CalPERS
Public Pension Funding Average Now Below 50%, Yet Beneficiaries and Press Stay Mum
That light at the end of the public pension fund tunnel is the headlight of the underfunding train bearing down on them.
Read more...CalPERS’ Refusal to Put Clearly Insolvent Long-Term Care Insurance Plan in Bankruptcy Increases Harm to Policyholders and Makes Board and Responsible Executives Liable
CalPERS continues to behave badly.
Read more...A Big Reckoning Starting for Private Equity and Its Public Pension Fund Enthusiasts
Private equity returns are finally going pear-shaped, but for the most part, investors are re-upping their bets.
Read more...Please, Vote for Somebody in the CalPERS Board Election. Your Money Is at Stake.
If you are a CalPERS retiree, please be sure to vote in the board election now underway. You deserve to be properly represented.
Read more...Wrong Way CalPERS Increased Private Equity Allocation by Over 50% as Investors Are Dumping Holdings
The Financial Times reports that private equity investors are running for the exits as CalPERS plans to pile on.
Read more...CalPERS Cooks the Books While Taking an Unnecessary Loss to Exit $6 Billion of Private Equity Positions
CalPERS has just made an openly value-destroying sale of private equity holdings. So who at CalPERS is benefitting from this gift to buyers?
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...CalPERS Long-Term Care Program Fiasco
Another presentation by unhappy retirees about the CalPERS long-term care train wreck.
Read more...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.
Read more...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.
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