Archive for August 1st, 2016

InlandPolitics: San Bernardino County pension fund posts investment loss

SBCO

Monday, August 1, 2016 – 11:00 a.m.

The pension fund for employees and retirees of San Bernardino County, California will post a negative return for it’s fiscal year just ended.

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San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 07/31/16 – 6:57 PM PDT |

SAN BERNARDINO >> One of the nation’s longest municipal bankruptcies begins its fifth year on Monday And it’s probably its last, officials say.

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Calpensions: CalPERS funding gap may grow under new trend

calpers

By Ed Mendel
Monday, August 1, 2016

Twice in recent decades CalPERS fell below 100 percent of the funding needed for promised pensions, and twice CalPERS climbed back. But since a $100 billion investment loss in 2008, the CalPERS funding level has not recovered.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
July 31, 2016 – 6:00 AM

Writing a new state budget in June turned out to be, in an old saying, easy-peasy.

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FILE - In this Jan. 7, 2014, file photo, Los Angeles County Sheriff Lee Baca announces his retirement at a news conference at Sheriff's Headquarters Bureau in Monterey Park, Calif. Baca signed a plea agreement that said he ordered deputies to intimidate an FBI agent and "do everything but put handcuffs on her." Baca, who pleaded guilty to trying to thwart an FBI investigation into abuses at the jails he ran, is in the early stages of Alzheimer's and must decide whether he spends the best remaining days of his life fighting to stay out of jail or behind bars. (AP Photo/Nick Ut, File)

File – In this Jan. 7, 2014, file photo, Los Angeles County Sheriff Lee Baca announces his retirement at a news conference at Sheriff’s Headquarters Bureau in Monterey Park, Calif. Baca signed a plea agreement that said he ordered deputies to intimidate an FBI agent and “do everything but put handcuffs on her.” Baca, who pleaded guilty to trying to thwart an FBI investigation into abuses at the jails he ran, is in the early stages of Alzheimer’s and must decide whether he spends the best remaining days of his life fighting to stay out of jail or behind bars. (AP Photo/Nick Ut, File)

By Brian Melley, Associated Press
Jul. 31, 2016 – 2:24 PM ET

LOS ANGELES (AP) — Former Sheriff Lee Baca, who pleaded guilty to trying to thwart an FBI investigation into abuses at the jails he ran, faces a difficult choice that will influence how he spends the healthiest days of his retirement.

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