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.
Read more...Category Archives: CalPERS
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.
Read more...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.
Read more...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?
Read more...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?
Read more...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.
Read more...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.
Read more...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.
Read more...CalPERS Continues to Violate Law Via Secret Board Discussions; Upcoming Monday Illegal Secret Placement Agent Review Raises Concerns About Bribery
A previous CalPERS CEO went to prison for taking bribes. CalPERS is now illegally hiding the type of fees that generated those bribes.
Read more...Smear Campaigns Work: Pro-Transparency Board Member Margaret Brown, Candidate Tiffany Emon-Moran, Both Lose CalPERS Board Election
The California public employees unions that have bizarrely made clear that they are firmly on the side of having CalPERS continue to be poorly run have gotten their way. Pro accountability, pro-transparency board member Margaret Brown, and Tiffany Emon-Moran, who was challenging incumbent and staunch staff David Miller, were both defeated in this year’s board […]
Read more...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.
Read more...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.
Read more...CalPERS Election Dirty Tricks: Hit Piece Depicts Board Member Margaret Brown as Safety Harrasser
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.
Read more...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.
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