California Public Employees' Retirement System

Calpers gets backing for Apple proposal

SAN FRANCISCO (Reuters) - Pension fund Calpers' proposal to require a majority vote to elect unopposed candidates to the board of Apple Inc <AAPL.O> has been endorsed by three prominent proxy advisory services.
 

Calpers sues ex-Lehman execs over mortgage risks

SAN FRANCISCO (Reuters) - Calpers sued a group of ex-Lehman executives and underwriters, alleging it bought over $700 million in bonds and Lehman stock without knowing the true condition of the now-bankrupt financial company.
 

Calpers seeking majority vote for Apple board

SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, said on Thursday it is seeking shareowner support for its proposal to require a majority vote to elect unopposed candidates to the board of Apple Inc.
 

Calpers seeking majority vote for Apple board

SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, said on Thursday it is seeking shareowner support for its proposal to require a majority vote to elect unopposed candidates to the board of Apple Inc.
 

Calpers seeking majority vote for Apple board

SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, said on Thursday it is seeking shareowner support for its proposal to require a majority vote to elect unopposed candidates to the board of Apple Inc.
 

Calpers pushes for majority vote for Apple board

SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, said on Thursday it is seeking shareowner support for its proposal to require a majority vote to elect unopposed candidates to the board of Apple Inc.
 

Lehman files new plan for repaying creditors

WILMINGTON, Delaware (Reuters) - Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.
 

Lehman files new plan for repaying creditors

WILMINGTON, Delaware (Reuters) - Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.
 

Lehman Brothers amends bankruptcy plan

WILMINGTON, Delaware (Reuters) - Bankrupt financial company Lehman Brothers Holdings Inc <LEHMQ.PK> proposed a new plan for divvying up billions of dollars among its creditors after bondholders said the previous version was unfair.
 

SEC probing statements on Illinois pension

CHICAGO (Reuters) - The U.S. Securities and Exchange Commission launched an inquiry into statements put out by the state of Illinois regarding the potential long-term savings from a pension reform law, a spokeswoman for Governor Pat Quinn said on Tuesday.
 

SEC probes California over Calpers: report

(Reuters) - The U.S. securities regulator is examining whether the state of California violated securities laws by failing to disclose the risks attached to its public pension fund, the New York Times reported, citing a person with knowledge of the investigation.
 

Lehman creditors file competing reorganization plan

NEW YORK (Reuters) - Lehman Brothers Holdings Inc bondholders filed a rival plan to parcel out the bank's estimated $58 billion in assets in the largest U.S. bankruptcy reorganization on record.
 

Special Report: After U.S. failure, HSBC pushes into China

LONDON/HONG KONG (Reuters) - Edward Chow remembers the nervous days of the early 1990s in Hong Kong, when tens of thousands of people left the then-British colony, fearful of what would happen when Chinese rule returned.
 

Largest Calif. employee union OKs pension changes

California's largest state employee union approves contract with pension changes, salary cuts. Members of California's largest state employee union approved a contract Tuesday that cuts pay by nearly 5 percent for 95,000 government workers and rolls back pension benefits, a move that will protect them from more sweeping government furloughs.
 

Public pension reform key issue in California race

LOS ANGELES (Reuters) - With decades of public service under his belt, 72-year-old California gubernatorial candidate Jerry Brown joked last month that he is the best pension investment California has ever seen.
 

Report: Bell police chief eyed tax-free pension

Report: Police chief in scandal-plagued Calif city sought deal for tax-free disability pension. The one-time police chief in the corruption-plagued city of Bell declared himself disabled when he took the job last year in a move that could someday earn him a tax-free state pension worth millions of dollars, the Los Angeles Times reported Thursday.
 

AP Investigation: Calif. pension bonuses examined

AP Investigation: As its value tanked, California's pension fund awarded raises, bonuses. As its investment portfolio was losing nearly a quarter of its value, the country's largest public pension fund doled out six-figure bonuses and substantial raises to its top employees, an analysis by The Associated Press has found.
 

California plan to borrow $2 billion from Calpers dumped

SACRAMENTO, California (Reuters) - California Governor Arnold Schwarzenegger has dropped a proposal for the state's $211 billion pension fund to lend the state government $2 billion to help close its budget gap, a spokesman said on Thursday night.
 

Calpers and Schwarzenegger in talks about California loan

SAN FRANCISCO (Reuters) - California's $211 billion pension fund for public employees has been speaking with Governor Arnold Schwarzenegger's administration about providing it a $2 billion loan to help close the state government's $19 billion budget gap, a spokesman said on Wednesday.
 

California sues city officials in pay, pension flap

LOS ANGELES (Reuters) - California's attorney general on Wednesday sued officials at the center of a scandal over public pay and pensions in a Los Angeles suburb, seeking to remove them from office and force them to make restitution for salaries and pensions he says are exorbitant.