From calpensions.com:
Excerpt: As
one of 13 CalPERS board members, J.J. Jelincic presumably has some
authority. But last June and July, he filed Public Records Act requests
to force CalPERS to give him weekly reports from its federal lobbyists,
much like any member of the public. CalPERS
tripled its federal lobbying force last year from one all-purpose firm,
the Lussier Group, to three separate lobbying representatives for
retirement policy, investment and market regulation, and health care
issues. Jelincic
wanted to see what CalPERS was getting for its increased spending. So
he asked for the weekly reports from the lobbyists, as specified in
their contracts. But the rest of the board had decided monthly reports,
also specified in the contracts, are enough, and Jelincic’s informal
request was denied...
In addition to various links in the
calpensions piece you might find of interest, Harry Shearer devoted most of his Sunday radio
program "Le Show," normally a humor program but sometimes serious as in
this case, to CalPERS and its governance problems:
http://wwno.org/post/le-show-
The
pension part of the program starts at around the 5 minute mark and
deals initially with private equity firms generally, then moves to
CalPERS in particular. http://wwno.org/post/le-show-
To the extent that we can get the word out that UC's retirement system has a very different governance structure than CalPERS, we do ourselves a favor. What we would like is the state to treat UC's pension the same as CalPERS (and thus CSU) for funding purposes. But otherwise, we are not CalPERS.
No comments:
Post a Comment