Press Releases

A Solid Foundation for the Future

March 30, 2018

Acting on the discount rate, asset allocation, and amortization, CalPERS has built a solid path forward for the long-term future of the fund.

We have provided retirement security for California’s public employees for more than 85 years. Through good times and bad, CalPERS has been a strong, reliable presence in our members’ lives. Our $21 billion in annual beneft payments help fuel economic activity across the Golden State.


How We’ve Strengthened the Fund

Statement of Dave Low on New Ballot Measures Introduced By DeMaio/Reed

July 10, 2016

"It's clear that the proponents of eliminating retirement security for teachers, firefighters, school employees and other public servants are more interested in playing politics and rewarding Wall Street than providing the retirement security all Californians deserve.

Statement of Dave Low, Chairman, Californians for Retirement Security, on Attorney General's Title & Summary of DeMaio/Reed Pension Measure

August 11, 2015

We strongly disagree with the Attorney General's elimination of the specific mention of teachers, nurses, police and firefighters in the title and summary. They are the bulk of the public servants whose retirement security and death and disability benefits would be abolished by this heavy-handed measure. The inclusion of these professions in a previous version of this measure had already passed legal muster, even after multiple appeals by Chuck Reed.

CalPERS to Bonta: DeMaio/Reed Pension Measure Would Eliminate Retirement Security for Both Existing and Future Public Servants

August 5, 2015

SACRAMENTO - The proposed ballot measure authored by former San Diego City Council member Carl DeMaio and former San Jose Mayor Chuck Reed would eliminate constitutional protections for the retirement security of both existing and future public servants, according to a letter to Assemblymember Rob Bonta (D-Oakland), Chair of the California Assembly's Committee on Public Employees, Retirement, and Social Security.

Bonta: CalSTRS Says Pension Ballot Measure Would Negatively Impact Teacher Retirement Security, Stability of Pension Fund, Increase State Costs

July 30, 2015

SACRAMENTO - The retirement security of California's retired, current, and future teachers and the stability of the state's pension fund for educators would be put at risk if a ballot measure addressing those issues is approved by California voters next November, according to an internal analysis by CalSTRS, requested by and released by Assemblymember Rob Bonta (D-Oakland), Chairman of the Assembly's Committee on Public Employees, Retirement, and Social Security.

Chuck Reed, Carl DeMaio Plan Draws Huge Protest in Sacramento

July 20, 2015

More than 100 firefighters, teachers, police officers, school employees and other public servants today protested an expected November 2016 ballot measure that would eliminate retirement security for millions of Californians.

The demonstration took place outside a meeting hosted for proponents of the effort by the right-wing Reason Foundation featuring former San Jose Mayor Chuck Reed and former San Diego city council member Carl DeMaio.