Talk:CalPERS

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2006 comments[edit]

Title should probably be moved from acronym to the full name. Paul 00:14, 1 January 2006 (UTC)[reply]

CalPERS is the more commonly know acronym. I think it should stay as such.

Unfunded pension Liabilities[edit]

The now $70 billion unfunded pension liability (fully 2/3 of California's entire State Budget) is raping our children of any sort of control of their financial future. Democrats and public employee union bosses need to begin to aggressively attack these unfunded mandates directly. The liability and legality of the moves by union bosses to "hide" their excessive lifetime pensions (totally $3 - $20 million per employee) is unsustainable and needs to be addressed. Not doing so will leave the next generation penniless as more and more of their earnings will be swept to pay these egregious payouts. Shame on you and all who contributed to this fiasco. —Preceding unsigned comment added by Marincountyman (talk • contribs) 19:06, 7 April 2009 (UTC)[reply]

here's a link to a study a year later now: Going for Broke:Reforming California's Public Employee Pension Systems--Billymac00 (talk) 02:19, 6 April 2010 (UTC)[reply]
This is one of the worst articles on Wikipedia. It reads like a CalPERS PR brochure. CalPERS is on the brink of collapse, and given its size, this could trigger another financial crisis across the US. There have been many newspaper articles about the dangerous state of CalPERS. Why does this article not have even one section regarding the highly precarious financial state of CalPERS? --Westwind273 (talk) 18:15, 8 February 2017 (UTC)[reply]
Because some editors spend more time talking about subjects on talk pages than editing articles? Wait, was that a trick question? int21h (talk · contribs · email) 05:17, 9 February 2017 (UTC)[reply]
Or perhaps because some editors spend more time on sarcasm than constructive discussion about how to improve the article. --Westwind273 (talk) 05:42, 13 February 2018 (UTC)[reply]

It is amazing that California cities are facing a pension disaster because of CalPERS, and this article says nothing about it. http://www.sacbee.com/opinion/editorials/article199693069.html --Westwind273 (talk) 05:45, 13 February 2018 (UTC)[reply]

Controversies at CalPERS not in the article[edit]

I was doing some slightly related research today and found some significant controversies associated with CalPERS, and am now surprised to find them not reflected in this article. The LA Times documented a series of corrupt practices implicating CalPERS employees. Here is one piece, which links to many others: CalPERS investment staff receive luxury travel, gifts from financial firms. Does anyone object to a "Controversies" section that outlines these apparent scandals? TheSoundAndTheFury (talk) 18:56, 6 July 2012 (UTC)[reply]

CALPERS versus the Market[edit]

A big piece that is missing in this article is: Does CALPERS outperform the market? And if CALPERS is outperforming the market, is that the stock market or the bond market? I have this sinking feeling that CALPERS is the next Fannie Mae and Freddie Mac. Like Fannie and Freddie, since this is public employee money, it is essentially publicly financed gambling on the stock market. Ideally, California public employees should switch to a 401k-style of retirement plan, and CALPERS should be shut down. But short of this, we are probably headed for a big train wreck some day, and the California tax payers will be left picking of the tab, of course. --Westwind273 (talk) 14:58, 5 April 2013 (UTC)[reply]

CalPERS Cleanup[edit]

I'm a CalPERS employee and I'd like to get involved updating financial information, board members, clarifying information, etc. Much of the information on this page is several years old. Please, I'm looking for advice on how I can do this without violating COI or Terms of Use. Where should I begin? Thanks!Csteineratcalpers (talk) 21:53, 8 December 2014 (UTC)[reply]

Wikimedia Foundation and Wikipedia and English Wikipedia policies are the only concern. They are summarized at WP:COI. The most important part is the Wikimedia:Terms of Use which have a section on "Paid contributions without disclosure", which among other things require that You must make that disclosure in at least one of the following ways: .... Do so or be banned. But otherwise its like living as a young black man in America: precarious. I can tell you, from editing many, many government articles, that there is no consensus against government employees editing articles about their agencies. It happens alot. But I would agree with the WP:COI statement that "Editors with COIs who wish to edit responsibly are strongly encouraged to follow Wikipedia policies and best practices scrupulously" (emphasis added) and that "Government employees should not edit articles [...] with the intent to slant or spin an article in a manner that is politically advantageous to their employer." Int21h (talk) 03:44, 9 December 2014 (UTC)[reply]

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