A judge is urging CalPERS to settle a major lawsuit over price increases for its long-term care insurance policies, suggesting the system could have to pay a lot of money if the lawsuit goes to a jury ...

Most cities are members of the California Public Employees’ Retirement System and are struggling to keep up with rising pension payments.

CalPERS has suspended enrollment in its long term care insurance plans and is preparing for a rate hike as the coronavirus takes a toll on the plans. Health officials expect “significant premium ...

The California Public Employees’ Retirement System has $180 billion in unfunded liabilities as of its latest report. To try to reduce this debt, the nation’s largest pension system recently approved a ...

Every four years, California’s largest public pension fund undertakes a reevaluation process to balance its anticipated investment returns with the expected cost of benefits paid to retirees. This ...

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CalPERS is preparing to pay out roughly $800 million to settle claims that it misled retirees when it began offering long-term care insurance in the late 1990s and pledged it wouldn’t substantially ...

A class-action lawsuit that could cost CalPERS $1 billion is headed to trial in June, and many of the 122,000 retirees who bought an insurance plan at the center of the case are receiving small checks ...