Yes, CalPERS is still digging out from lawmakers' overpromises and past investment losses. But you can see a trend that could save taxpayers money over time in a new analysis from the pension fund.
California pension law limits post-retirement work for government employees, a measure meant to prevent "double dipping." The rules can be confusing and costly.
The Newsom administration closed 5 state prisons, a trend enabled by declines in California's incarcerated population. It has capacity to shut one more, according to a new analysis.
California Highway Patrol officers and Cal Fire firefighters are asking the state for a new retirement option that would complement their CalPERS pensions. It might reduce payroll costs to the state.
