The rate increases were masked by federal subsidies that PPACA provides to 88 percent of Californians who purchased coverage through the states exchange, Insurance Commissioner Dave Jones said.
The California Public Employees Retirement System, the largest U.S. pension, reported an 18.4 percent gain on investments for the fiscal year ended June 30 as global stock indexes rose to records.
Labor leaders are now readying efforts to raise the minimum wage for a second consecutive year, increase paid family leave and institute better pay and benefits for retail and service workers.
Calpers said fees paid to external firms for performance more than doubled in the year that ended June 30 to $377.6 million, up from $165 million the previous year.
Joseph Dear, who as chief investment officer of the California Public Employees Retirement System rebuilt the biggest U.S. public pension after a $96 billion loss, died yesterday in Sacramento. He was 62.
The $281 billion fund earned 25.6 percent on its publicly traded equity holdings while private equity, which lags three months, gained 19 percent through the end of September.
Brown also said hell back a constitutional amendment to stockpile unpredictable capital-gains taxes and deal with looming shortfalls in public pensions.
DebugScreen: mobile
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"author": {
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"articles": [
{
"uri": "/2014/12/16/calpers-may-change-benchmark-for-private-equity/",
"title": "Calpers may change benchmark for private equity",
"byline": "Michael B. Marois, Bloomberg",
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"prettyDate": "December 16, 2014",
"timeToRead": "4 minute",
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],
"kickerNode": [],
"summary": "Its current benchmark is imprecise in measuring private equity performance and encourages riskier investments to meet the goal, officials said.",
"body": null
},
{
"uri": "/2014/11/26/calpers-bonus-payouts-climb-14/",
"title": "Calpers bonus payouts climb 14%",
"byline": "Michael B. Marois, Bloomberg",
"kicker": "",
"prettyDate": "November 26, 2014",
"timeToRead": "3 minute",
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],
"kickerNode": [],
"summary": "The largest U.S. public pension paid $9 million in bonuses last fiscal year, up 14 percent from a year earlier.",
"body": null
},
{
"uri": "/2014/07/30/california-health-premiums-rise-up-to-88-in-2014/",
"title": "California health premiums rise up to 88% in 2014",
"byline": "Michael B. Marois, Bloomberg",
"kicker": "",
"prettyDate": "July 30, 2014",
"timeToRead": "2 minute",
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"authors": [
{
"webUrl": "/author/profile/michael-b-marois-bloomberg/",
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],
"kickerNode": [],
"summary": "The rate increases were masked by federal subsidies that PPACA provides to 88 percent of Californians who purchased coverage through the states exchange, Insurance Commissioner Dave Jones said.",
"body": null
},
{
"uri": "/2014/07/14/calpers-earns-18-as-stocks-buoy-returns/",
"title": "Calpers earns 18% as stocks buoy returns",
"byline": "Michael B. Marois, Bloomberg",
"kicker": "",
"prettyDate": "July 14, 2014",
"timeToRead": "2 minute",
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"authors": [
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"kickerNode": [],
"summary": "The California Public Employees Retirement System, the largest U.S. pension, reported an 18.4 percent gain on investments for the fiscal year ended June 30 as global stock indexes rose to records.",
"body": null
},
{
"uri": "/2014/05/05/california-unions-target-13-minimum-wage/",
"title": "California unions target $13 minimum wage",
"byline": "Michael B. Marois, Bloomberg",
"kicker": "",
"prettyDate": "May 05, 2014",
"timeToRead": "6 minute",
"image": {
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"authors": [
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],
"kickerNode": [],
"summary": "Labor leaders are now readying efforts to raise the minimum wage for a second consecutive year, increase paid family leave and institute better pay and benefits for retail and service workers.",
"body": null
},
{
"uri": "/2014/04/16/california-pension-paid-1-2-billion-to-manage-inve/",
"title": "California pension paid $1.2 billion to manage investments",
"byline": " Michael B. Marois, Bloomberg ",
"kicker": "",
"prettyDate": "April 16, 2014",
"timeToRead": "2 minute",
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"authors": [
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],
"kickerNode": [],
"summary": "Calpers said fees paid to external firms for performance more than doubled in the year that ended June 30 to $377.6 million, up from $165 million the previous year.",
"body": null
},
{
"uri": "/2014/03/17/california-public-employees-pension-sees-8-9-retur/",
"title": "California public employees pension sees 8.9% return in 7 months",
"byline": " Michael B. Marois, Bloomberg ",
"kicker": "",
"prettyDate": "March 17, 2014",
"timeToRead": "2 minute",
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"authors": [
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],
"kickerNode": [],
"summary": "CalPERS, with a market value of $282.9 billion as of March 14, said publicly traded equity investments rose 12.7 percent through Jan. 31.",
"body": null
},
{
"uri": "/2014/02/27/joseph-dear-calpers-investment-head-post-crisis-di/",
"title": "Joseph Dear, CalPERS investment head post-crisis, dies at 62",
"byline": "Michael B. Marois, Bloomberg",
"kicker": "",
"prettyDate": "February 27, 2014",
"timeToRead": "3 minute",
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"authors": [
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"summary": "Joseph Dear, who as chief investment officer of the California Public Employees Retirement System rebuilt the biggest U.S. public pension after a $96 billion loss, died yesterday in Sacramento. He was 62.",
"body": null
},
{
"uri": "/2014/01/13/calpers-assets-returned-16-2-in-2013-412-34777/",
"title": "CalPERS' assets returned 16.2% in 2013",
"byline": " Michael B. Marois, Bloomberg ",
"kicker": "",
"prettyDate": "January 13, 2014",
"timeToRead": "2 minute",
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"authors": [
{
"webUrl": "/author/profile/michael-b-marois-bloomberg/",
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],
"kickerNode": [],
"summary": "The $281 billion fund earned 25.6 percent on its publicly traded equity holdings while private equity, which lags three months, gained 19 percent through the end of September.",
"body": null
},
{
"uri": "/2014/01/09/brown-proposes-record-california-budget-of-106-8-b/",
"title": "Brown proposes record California budget of $106.8 billion",
"byline": " Michael B. Marois, Bloomberg ",
"kicker": "",
"prettyDate": "January 09, 2014",
"timeToRead": "6 minute",
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},
"authors": [
{
"webUrl": "/author/profile/michael-b-marois-bloomberg/",
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}
],
"kickerNode": [],
"summary": "Brown also said hell back a constitutional amendment to stockpile unpredictable capital-gains taxes and deal with looming shortfalls in public pensions.",
"body": null
}
]
}
}
