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California public pension money is the lifeblood of the economy in the small-government, Republican boomtown of Eagle, Idaho, which is popular with retired police officers and firefighters.
<p><span>The CalPERS Board of Administration has re-elected Theresa Taylor as board president and David Miller as vice president.</span></p>
A -6.1% return caused CalPERS' funded status to plunge but CEO Marcie Frost still received a fiscal year raise and incentive pay boost.
CalPERS is having employees service the egos of managers by coming to the office rather than protecting them from Covid by teleworking.
<p><span>Eligible CalPERS members interested in seeking election to one of three board of administration positions have a week to complete the nomination process to become candidates.</span></p>