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 ...

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The California Public Employees’ Retirement System (CalPERS) has a new pharmacy benefits contract with CVS Caremark, the group announced Tuesday. Prescription drug benefits will be available for ...

The California Public Employees’ Retirement System, or CalPERS, headquarters buildings are photographed Thursday, Sept. 16, 2021, in downtown Sacramento. Xavier Mascareñas xmascarenas@sacbee.com Over ...

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 ...