Archive for July 13th, 2016

SBCO

Valles calls for director to step down; Lovingood rebukes ‘grandstanding’

By Shea Johnson, Staff Writer
Posted:       July 12, 2016 at 5:33 PM
Updated:    July 12, 2016 at 5:39 PM

First District Supervisor Robert Lovingood says he and fellow board members will “collectively” go through the grand jury’s annual report that recently raised concerns about San Bernardino County’s child welfare agency.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
July 12, 2016 – 3:04 PM

  • California Public Employees’ Retirement System lost money
  • Fund is now well short of what’s required to cover pensions
  • CalPERS demands more from governments to cover outlays

The California Public Employees’ Retirement System – the nation’s largest pension trust fund – took a beating during the Great Recession, dropping nearly $100 billion in value.

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