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 raise rates on certain plans. The nation’s largest public pension fund in the 1990s and early 2000s sold long-term care insurance with so-called […]
CalPERS
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Arcata Weathering the Budget Storm, For Now
As other local cities — we’re looking at you, Eureka and Fortuna — contemplate deep budget cuts, it looks like Arcata will be able to hold the line on services, and even tuck a bit of money away for a rainy day. City staff is proposing a budget — slated to be discussed at study […]