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Tag: retirement

Former CalPERS Official Indicted

March 18, 2013 | 1:16 pm

Former CalPERS Official Indicted

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A federal grand jury has indicted a former official of California’s largest state employee retirement fund, the Department of Justice has announced. Here’s the press release: A federal grand jury in San Francisco indicted Alfred J. Villalobos, of Reno, Nevada, and Federico R. Buenrostro, Jr., aka Fred Buenrostro, of Sacramento, California, on charges of conspiracy […]

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Calif. Retirement Systems Sending Members to Summit in Hawaii

February 27, 2013 | 9:32 am

Calif. Retirement Systems Sending Members to Summit in Hawaii

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by Jennifer Gollan, California Watch When the head of one of the state’s largest independent pension funds received an invitation recently for his staff to attend a conference in Hawaii, his response lacked the aloha spirit. “I don’t plan on approving anyone to attend this conference given its location. … Hawaii is just not the right […]

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CalPERS Stops Giving Workers Double Jobs

January 21, 2013 | 2:54 pm

CalPERS Stops Giving Workers Double Jobs

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CalPERS, the California state employee retirement program, has suspended its practice of hiring salaried employees for second jobs within the agency, it has announced. The agency may process retirement applications more slowly as a result, it said in a news release on Friday. The announcement came after the Sacramento Bee published an article about the […]

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Can State Employees Work 2 Jobs At Once?

January 17, 2013 | 12:27 pm

Can State Employees Work 2 Jobs At Once?

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Some managers at CalPERS, the California state retirement system, are working two jobs there. Is that legal? CalPERS spokespeople say the agency is doing nothing wrong, but the practice has raised eyebrows among some experts in state regulations, according to the Sacramento Bee. In a written statement, the agency says it hired some managers to […]

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