Tag Archive for CalPERS

CalPERS Pension Benefits Generate $30 Billion in Economic Activity

More than $30 billion in economic activity was generated by retirement benefits paid by the State’s pension fund, according to a study released by the California Public Employees’ Retirement System (CalPERS). The CalPERS Economic Impacts in California report for the Fiscal Year ending June 30, 2012, highlights the vital role CalPERS plays in the State’s economy each year. The report demonstrates how CalPERS benefits and investments generate significant economic activity in the state, to stimulate business growth and increased tax revenues, and to support and create jobs for Californians.

Supes decides to NOT look at leaving OCERS

The Board of Supervisors today considered a request from United Employee Organizations of Orange County (UEOOC), representing employee participants in the Orange County Employee’s Retirement System (OCERS), for the County to study the feasibility of leaving OCERS and transfering the county workers over to the California Public Employee’s Retirement System (CalPERS). The request stems from…