California police and fire unions are backing bills that would create new retirement benefits or raise pay. Lawmakers approved them overwhelmingly.

Stephen Gilmore’s 40-year tour of global finance has given him a front-row seat to the Russian debt crisis, the bailout of a financial giant and the rise of sovereign wealth funds. It’s also taken him ...

CalMatters. Sign up for their newsletters. Public employees’ retirement security depends on the integrity of the California Public Employees' Retirement System (CalPERS). However, its CEO, Marcie ...

Most executives who get access to a nonqualified deferred compensation plan treat it like a bonus perk. They sign the enrollment form, pick a deferral percentage, and move on. That is a mistake that ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Most executives who get access to a nonqualified deferred ...

CalPERS, the nation’s largest public pension fund, is doubling down on private credit even as warning signs multiply. With about $160 billion in unfunded liabilities, the system is chasing yield in ...

The U.S. Department of Labor and other federal officials urged a federal judge in Manhattan to dismiss a lawsuit brought by former Morgan Stanley financial advisers who are challenging a DOL advisory ...

The largest US public pension isn’t fazed about tremors in the private credit market driven by artificial intelligence’s potential threat to software, according to its chief executive officer, Marcie ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The California Public Employees ...

In November, the California Public Employees Retirement System announced it invested $60 billion in “climate solutions,” toward a goal of $100 billion by 2030. While the announcement highlighted ...

CalPERS Chief Investment Officer Stephen Gilmore discussed the Total Portfolio Approach and its benefits to employees on the deck outside his office in Sacramento on Nov. 10, 2025. Photographer shows ...