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<urlset xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.sitemaps.org/schemas/sitemap/0.9" xmlns:image="http://www.google.com/schemas/sitemap-image/1.1" xsi:schemaLocation="http://www.sitemaps.org/schemas/sitemap/0.9 http://www.sitemaps.org/schemas/sitemap/0.9/sitemap.xsd"><url><loc>https://calpensions.com/2020/01/08/calpensions-wrap-up-a-look-back-at-the-crisis/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2020/01/active-retiree.png</image:loc><image:title>Active-Retiree</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2020/01/court-pix.png</image:loc><image:title>Court Pix</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2020/01/pepra-curve.png</image:loc><image:title>PEPRA curve</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2020/01/safety2.png</image:loc><image:title>Safety2</image:title></image:image><lastmod>2020-01-11T03:13:27+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/11/26/calpers-police-fire-costs-hit-unsustainable-level/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/11/stats.png</image:loc><image:title>Stats</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/11/safety2.png</image:loc><image:title>Safety2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/11/misc.png</image:loc><image:title>Misc</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/11/safety.png</image:loc><image:title>Safety</image:title></image:image><lastmod>2019-12-13T12:50:08+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/11/11/pension-funds-could-lose-some-shareholder-clout/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/11/jay-clayton-1.jpg</image:loc><image:title>Jay Clayton</image:title><image:caption>Jay Clayton</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/11/jay-clayton.jpg</image:loc><image:title>Jay Clayton</image:title><image:caption>SEC Chairman Jay Clayton</image:caption></image:image><lastmod>2019-11-11T15:26:24+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/10/28/second-chance-for-major-ruling-on-pension-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/10/court-pix.png</image:loc><image:title>Court Pix</image:title></image:image><lastmod>2019-11-03T07:51:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/10/07/calpers-trustee-re-election-ends-outsider-streak/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/10/envelope.png</image:loc><image:title>Envelope</image:title></image:image><lastmod>2019-10-07T18:25:03+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/09/09/golden-handshake-pension-air-time-lives-on/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/09/gh-table.png</image:loc><image:title>GH table</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/09/folsom-chart.png</image:loc><image:title>Folsom Chart</image:title></image:image><lastmod>2019-09-14T21:59:37+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/08/26/calpers-gets-candid-about-critical-decade-ahead/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/08/buck-2.png</image:loc><image:title>Buck 2</image:title><image:caption>The CalPERS Pension Buck</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/08/perf-2.png</image:loc><image:title>PERF 2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/08/buck.png</image:loc><image:title>Buck</image:title></image:image><lastmod>2019-08-29T03:07:38+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/08/12/warrens-curb-on-top-pension-investment-abuses/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/08/american-investment-council.png</image:loc><image:title>American Investment Council</image:title><image:caption>American Investment Council chart</image:caption></image:image><lastmod>2019-08-12T07:34:49+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/07/29/calpers-loss-triggers-more-debt-payment-reform/</loc><lastmod>2019-07-30T01:38:12+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/07/15/san-bernardino-deficits-grow-after-bankruptcy/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/07/sb-budgets.png</image:loc><image:title>SB budgets</image:title><image:caption>San Bernardino's stubborn budget gap</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/07/sb-chart-3.png</image:loc><image:title>SB chart 3</image:title></image:image><lastmod>2019-07-16T03:20:12+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/07/01/this-time-calpers-plans-for-stock-market-drop/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/06/drawdown-chart-2.png</image:loc><image:title>Drawdown Chart 2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/06/drawdown-chart.png</image:loc><image:title>Drawdown Chart</image:title></image:image><lastmod>2019-07-10T17:34:50+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/06/17/calpers-using-more-esg-in-investment-strategy/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/06/esg1.png</image:loc><image:title>ESG1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/06/esg-2.png</image:loc><image:title>ESG 2</image:title><image:caption>Example of ESG factors that might be analyzed</image:caption></image:image><lastmod>2019-06-19T05:48:03+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/06/03/new-state-run-ira-for-private-sector-opens-july-1/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/05/calsavers.png</image:loc><image:title>CalSavers</image:title><image:caption>CalSavers pilot participation snapshot as of May 29, 2019</image:caption></image:image><lastmod>2019-06-06T04:47:54+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/05/28/a-state-run-retirement-plan-for-private-sector/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/senator-kevin-de-leon.jpg</image:loc><image:title>Senator-Kevin-De-Leon</image:title><image:caption>Sen. Kevin De Leon</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/berkeley2.jpg</image:loc><image:title>Berkeley2</image:title><image:caption>Graph from UC Berkeley Center for Labor Research and Education brief</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/berkeley.jpeg</image:loc><image:title>Berkeley</image:title><image:caption>UC BerKeley Center for Labor Research and Education graph</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/de-leon.jpg</image:loc><image:title>De Leon</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/de-leon2.jpeg</image:loc><image:title>De Leon2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/de-leon1.jpeg</image:loc><image:title>De Leon</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/de-leon.jpeg</image:loc><image:title>De Leon</image:title></image:image><lastmod>2019-05-31T21:34:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/02/03/state-private-sector-retirement-plan-gets-donors/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/02/de-leon2.jpg</image:loc><image:title>De Leon2</image:title><image:caption>De Leon</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/02/securex.jpg</image:loc><image:title>SecureX</image:title><image:caption>Secure Choice board, left, and staff, right, meet last week</image:caption></image:image><lastmod>2019-05-31T21:33:02+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/12/08/california-copied-as-states-seek-retirement-plans/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/12/nirs2.png</image:loc><image:title>NIRS2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/12/nirs.png</image:loc><image:title>NIRS</image:title></image:image><lastmod>2019-05-31T21:29:27+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/05/04/california-automatic-ira-study-part-of-big-trend/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/secure4.png</image:loc><image:title>Secure</image:title><image:caption>State-sponsored retirement plans (Georgetown University chart)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/secure3.png</image:loc><image:title>Secure</image:title><image:caption>State-sponsored savings plans: Georgetown University chart</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/secure2.png</image:loc><image:title>Secure</image:title><image:caption>Chart: Georgetown University Center for Retirement Initiatives</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/secure1.png</image:loc><image:title>Secure</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/secure.png</image:loc><image:title>Secure</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/choice21.jpg</image:loc><image:title>Choice2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/choice2.jpg</image:loc><image:title>Choice2</image:title></image:image><lastmod>2019-05-31T21:28:17+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/07/20/state-run-retirement-savings-plan-gets-boost/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/huffstevens.png</image:loc><image:title>HuffStevens</image:title></image:image><lastmod>2019-05-31T21:26:53+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/11/02/private-firms-offer-to-run-state-retirement-plan/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/kiley3.jpg</image:loc><image:title>Kiley3</image:title><image:caption>Kiley</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/parks4.jpg</image:loc><image:title>Parks4</image:title><image:caption>Parks</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/kiley.jpg</image:loc><image:title>Kiley</image:title><image:caption>Kiley</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/parks.jpg</image:loc><image:title>Parks</image:title><image:caption>Parks</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/kirtland.jpg</image:loc><image:title>Kirtland</image:title><image:caption>Kirtland</image:caption></image:image><lastmod>2019-05-31T21:24:32+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/12/14/state-savings-plan-may-have-no-firm-guarantee/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/choice3.png</image:loc><image:title>Choice3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/choice1.png</image:loc><image:title>Choice</image:title><image:caption>Secure Choice savings plan would be phased in over several years</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/choice.png</image:loc><image:title>Choice</image:title><image:caption>Secure Choice savings plan would be phased in over several years (Overture)</image:caption></image:image><lastmod>2019-05-31T21:23:02+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/01/18/state-plan-for-automatic-ira-may-surface-soon/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/01/overture.png</image:loc><image:title>Overture</image:title></image:image><lastmod>2019-05-31T21:22:00+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/03/07/union-backs-pooled-ira-option-for-new-state-plan/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/03/boston.png</image:loc><image:title>Boston</image:title></image:image><lastmod>2019-05-31T21:20:49+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/04/04/new-state-retirement-plan-for-private-sector-jobs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/de-leon.jpg</image:loc><image:title>De Leon</image:title><image:caption>Sen. De Leon at Secure Choice news conference last week</image:caption></image:image><lastmod>2019-05-31T21:19:38+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/03/06/state-payroll-retirement-savings-plan-can-take-hit/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/03/choice.png</image:loc><image:title>choice</image:title></image:image><lastmod>2019-05-31T21:17:27+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/07/31/in-birth-of-new-state-program-whats-in-a-name/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/07/choice.png</image:loc><image:title>Choice</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/07/ncpers.png</image:loc><image:title>NCPERS</image:title><image:caption>National Conference of Public Employee Retirement Systems chart</image:caption></image:image><lastmod>2019-05-31T21:15:04+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/11/05/state-run-retirement-savings-plan-ready-to-launch/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/11/calsavers-2.jpeg</image:loc><image:title>CalSavers (2)</image:title><image:caption>CalSavers chart shows potential retirement savings over 40 years</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/11/charter32.jpeg</image:loc><image:title>Charter3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/11/charter31.jpeg</image:loc><image:title>Charter3</image:title><image:caption>CalSavers chart shows potential retirement savings over 40 years</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/11/charter3.jpeg</image:loc><image:title>Charter3</image:title></image:image><lastmod>2019-05-31T21:11:29+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/03/04/calpers-cant-get-enough-of-its-top-earning-asset/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/02/perf.png</image:loc><image:title>PERF</image:title><image:caption>CalPERS overview from latest Comprehensive Annual Finance Report</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/02/pequity-chart.png</image:loc><image:title>Pequity chart</image:title><image:caption>How doubling private equity could lower employer miscellaneous rates</image:caption></image:image><lastmod>2019-05-23T04:17:26+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/05/13/governor-boosts-school-pension-cost-relief-plan/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/05/strs-chart2.png</image:loc><image:title>STRS Chart2</image:title></image:image><lastmod>2019-05-13T08:36:24+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/04/29/rising-school-pension-costs-cut-programs-and-pay/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/04/pivot.png</image:loc><image:title>Pivot</image:title><image:caption>Chart from Pivot Learning report, 'The Big Squeeze'</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/04/school-rates.png</image:loc><image:title>School rates</image:title><image:caption>Projected CalPERS school district rates</image:caption></image:image><lastmod>2019-05-02T23:24:10+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/04/15/how-calpers-sponsored-bill-increased-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/04/new-cost.png</image:loc><image:title>New cost</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/04/projected-rates.png</image:loc><image:title>Projected rates</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/04/new-rates.png</image:loc><image:title>New Rates</image:title></image:image><lastmod>2019-04-15T18:06:08+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/04/08/will-calpers-board-shake-up-continue-this-year/</loc><lastmod>2019-04-08T07:29:07+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/04/01/cities-struggle-to-cut-retirement-health-care-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/03/moodys-2.png</image:loc><image:title>Moody's 2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/03/moodys.png</image:loc><image:title>Moody's</image:title></image:image><lastmod>2019-04-07T03:36:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/03/18/a-tale-of-two-cities-and-blocked-pension-reforms/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/03/justices.png</image:loc><image:title>Justices</image:title><image:caption>From left: Appeals Court Justices Richard Huffman, Judith McConnell, Gilbert Nares</image:caption></image:image><lastmod>2019-03-18T21:57:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/03/11/new-pension-cut-rulings-begin-with-little-change/</loc><lastmod>2019-03-13T16:06:48+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/02/11/calpers-sued-to-identify-retirees-with-disability/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/02/disability.png</image:loc><image:title>Disability</image:title><image:caption>Disability share of total CalPERS pension payments</image:caption></image:image><lastmod>2019-02-20T03:43:44+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/02/04/what-delaying-a-big-rate-increase-cost-calstrs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/02/delay-chart.png</image:loc><image:title>Delay chart</image:title></image:image><lastmod>2019-02-06T04:40:24+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/01/28/changes-at-top-as-calpers-faces-biggest-test-yet/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/01/meng.png</image:loc><image:title>meng</image:title><image:caption>Ben Meng</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/01/jones-1.png</image:loc><image:title>jones</image:title><image:caption>Jones</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/01/jones.png</image:loc><image:title>jones</image:title><image:caption>Henry Jones</image:caption></image:image><lastmod>2019-01-28T17:16:58+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/01/21/vallejo-no-longer-bankrupt-but-budget-gap-grows/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/01/vallejo2.png</image:loc><image:title>vallejo2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/01/vallejo1.png</image:loc><image:title>vallejo1</image:title></image:image><lastmod>2019-01-21T23:54:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/01/11/newsom-offers-some-relief-for-hard-hit-schools/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/01/newsom-2.png</image:loc><image:title>newsom</image:title><image:caption>Gov. Newsom</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/01/newsom-1.png</image:loc><image:title>newsom</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/01/budchart2019.png</image:loc><image:title>budchart2019</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/01/newsom.png</image:loc><image:title>newsom</image:title><image:caption>Gov. Newsom</image:caption></image:image><lastmod>2019-01-11T23:19:46+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2019/01/07/brown-cut-retirement-debt-bigger-than-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2019/01/rhealth-cart.png</image:loc><image:title>rhealth cart</image:title></image:image><lastmod>2019-01-09T21:33:41+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/12/31/brown-leaves-again-with-pension-reform-pending/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/12/Test2-1.png</image:loc><image:title>Test2</image:title><image:caption>Test for new post</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/12/Test2.png</image:loc><image:title>Test2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/12/Test-1.png</image:loc><image:title>Test</image:title><image:caption>Test for new post</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/12/Test.png</image:loc><image:title>Test</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/12/Brown2.png</image:loc><image:title>Brown2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/12/Brown-photo.png</image:loc><image:title>Brown photo</image:title></image:image><lastmod>2019-01-02T15:26:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/12/17/deep-in-debt-calstrs-also-has-9-8-billion-surplus/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/12/sbma-chart2.png</image:loc><image:title>SBMA Chart2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/12/sbma-chart.png</image:loc><image:title>SBMA chart</image:title></image:image><lastmod>2018-12-22T06:26:10+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/12/06/high-court-may-not-go-big-on-first-pension-case/</loc><lastmod>2018-12-31T09:51:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/11/26/calpers-plans-new-way-to-invest-in-private-equity/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/11/pe-chart-a.png</image:loc><image:title>PE chart A</image:title><image:caption>Private equity expenses chart in new CalPERS annual report</image:caption></image:image><lastmod>2018-11-26T08:27:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/11/19/as-calpers-rates-climb-how-high-can-they-go/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/11/misc-chart.png</image:loc><image:title>Misc chart</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/11/safety-rates1.png</image:loc><image:title>Safety rates</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/11/safety-rates.png</image:loc><image:title>Safety rates</image:title></image:image><lastmod>2018-11-20T23:44:17+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/11/12/calstrs-wants-to-avoid-another-rate-hike-delay/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/11/risk-chart.png</image:loc><image:title>Risk chart</image:title><image:caption>CalSTRS funding level history from new risks report</image:caption></image:image><lastmod>2018-11-14T15:56:42+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/11/09/high-court-to-hear-brown-pension-reform-dec-5/</loc><lastmod>2018-11-11T17:10:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/10/05/calpers-president-loses-board-seat-to-policeman/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/10/priya.png</image:loc><image:title>Priya</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/10/perez2.png</image:loc><image:title>Perez2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/10/count.png</image:loc><image:title>Count</image:title></image:image><lastmod>2018-10-29T15:47:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/10/15/la-works-pension-cuts-reduced-ex-ceo-charged/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/10/jpa-chart.png</image:loc><image:title>JPA chart</image:title><image:caption>Joint Power Authority given to CalPERS board last month</image:caption></image:image><lastmod>2018-10-29T15:46:40+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/10/22/will-brown-get-chance-to-defend-pension-reform/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/10/supremes.png</image:loc><image:title>Supremes</image:title></image:image><lastmod>2018-10-29T15:45:23+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/10/29/no-large-calpers-exit-fee-for-charter-schools/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/10/charter4.png</image:loc><image:title>Charter4</image:title><image:caption>Slide from collections report given the CalPERS board last April</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/10/chart3.png</image:loc><image:title>Chart3</image:title><image:caption>Slide from collections report given CalPERS board last April</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/10/charter2.png</image:loc><image:title>Charter2</image:title><image:caption>Slide from collections report given to CalPERS board last April</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/10/charter.png</image:loc><image:title>Charter</image:title></image:image><lastmod>2018-10-29T15:44:34+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/04/16/calpers-faces-steep-climb-to-rebuild-its-funding/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/04/fundchart2.png</image:loc><image:title>Fundchart2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/04/fundchart.png</image:loc><image:title>Fundchart</image:title></image:image><lastmod>2018-04-30T16:54:15+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/04/09/calpers-may-join-union-foes-of-401k-option/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/04/glazer-steven.jpg</image:loc><image:title>glazer-steven</image:title><image:caption>Sen. Glazer</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/04/normal.png</image:loc><image:title>Normal</image:title></image:image><lastmod>2018-04-14T22:29:17+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/04/02/some-cities-outsource-their-highest-pension-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/04/ocfa1.png</image:loc><image:title>OCFA</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/04/ocfa.png</image:loc><image:title>OCFA</image:title></image:image><lastmod>2018-04-09T00:13:43+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/03/26/another-court-ruling-on-vested-rights-to-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/03/banke2.jpg</image:loc><image:title>Banke</image:title><image:caption>Justice Banke</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/03/banke1.jpg</image:loc><image:title>Banke</image:title><image:caption>Justice Banke</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/03/banke.jpg</image:loc><image:title>Banke</image:title></image:image><lastmod>2018-03-30T14:11:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/03/19/pensions-help-san-francisco-earn-top-bond-rating/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/03/sanfran.png</image:loc><image:title>SanFran</image:title></image:image><lastmod>2018-03-19T23:08:41+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/03/12/crucial-court-pension-cut-ruling-not-on-fast-track/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/03/justices2.png</image:loc><image:title>Justices2</image:title></image:image><lastmod>2018-03-20T19:23:13+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/03/05/how-more-generous-pensions-boosted-city-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/03/bartel.png</image:loc><image:title>Bartel</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/03/bartelsafety.png</image:loc><image:title>BartelSafety</image:title></image:image><lastmod>2018-03-09T00:14:26+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/02/19/small-calpers-rate-hike-continues-debt-reform/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/02/amort4.png</image:loc><image:title>Amort4</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/02/amort3.png</image:loc><image:title>Amort3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/02/amort.png</image:loc><image:title>Amort</image:title></image:image><lastmod>2018-02-26T17:16:44+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/02/12/when-do-calpers-rates-become-unsustainable/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/02/city2.png</image:loc><image:title>City2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/02/city1.png</image:loc><image:title>City1</image:title></image:image><lastmod>2018-02-22T15:21:26+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/01/29/why-1-4-million-payouts-top-annual-pension-list/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/01/top6.png</image:loc><image:title>Top6</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/01/topsix.png</image:loc><image:title>TopSix</image:title></image:image><lastmod>2018-02-04T21:27:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/01/22/calpers-seeks-legislation-to-avoid-pension-cuts/</loc><lastmod>2018-04-14T04:57:34+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/01/16/brown-goes-to-court-to-finish-pension-reforms/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/01/budchart.png</image:loc><image:title>BudChart</image:title></image:image><lastmod>2018-01-22T20:10:27+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/01/09/high-hurdle-for-pension-cuts-in-new-court-ruling/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/01/reardon.jpg</image:loc><image:title>Reardon</image:title><image:caption>Justice Reardon</image:caption></image:image><lastmod>2018-01-24T04:11:51+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2018/01/08/excess-pension-payments-grow-then-phase-out/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/01/strs.png</image:loc><image:title>STRS</image:title><image:caption>Top 10 CalSTRS pensions in 2016 listed on Transparent California</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2018/01/top10.png</image:loc><image:title>Top10</image:title><image:caption>Top 10 CalPERS pensions in 2016 listed on Transparent California</image:caption></image:image><lastmod>2018-01-08T08:33:25+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/12/26/push-to-use-pension-funds-on-climate-issue-grows/</loc><lastmod>2017-12-27T16:15:30+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/12/19/calpers-stays-the-course-on-rates-investing-risk/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/12/funding.png</image:loc><image:title>Funding</image:title></image:image><lastmod>2017-12-31T17:18:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/12/11/cities-look-at-tax-hikes-to-pay-rising-pension-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/12/arcadia.png</image:loc><image:title>Arcadia</image:title><image:caption>Five-year projection of Arcadia pension costs</image:caption></image:image><lastmod>2017-12-16T01:33:20+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/12/04/will-brown-pension-reform-lead-to-more-reform/</loc><lastmod>2017-12-08T20:52:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/11/27/one-citys-struggle-with-mounting-calpers-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/11/monrovia2.png</image:loc><image:title>Monrovia2</image:title></image:image><lastmod>2017-12-05T23:04:37+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/11/20/calpers-shelves-rate-increase-opposed-by-cities/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/11/1mloss.png</image:loc><image:title>$1Mloss</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/11/1mchart.png</image:loc><image:title>$1Mchart</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/11/candidates.png</image:loc><image:title>Candidates</image:title></image:image><lastmod>2017-11-23T18:19:23+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/11/06/could-calstrs-reserve-pay-down-pension-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/11/sbma-2.png</image:loc><image:title>SBMA-2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/11/sbma.png</image:loc><image:title>SBMA</image:title></image:image><lastmod>2017-11-14T00:22:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/10/30/calpers-faces-another-decision-on-employer-rates/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/10/asset.png</image:loc><image:title>Asset</image:title></image:image><lastmod>2017-10-30T16:48:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/10/23/top-pension-plan-may-change-to-401k-style-plan/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/10/dutch.png</image:loc><image:title>Dutch</image:title></image:image><lastmod>2017-10-27T17:59:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/10/16/cities-face-seven-years-of-growing-calpers-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/10/calpers.png</image:loc><image:title>CalPERS</image:title></image:image><lastmod>2017-10-20T19:46:34+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/10/09/how-pension-costs-reduce-government-services/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/10/stanford2.png</image:loc><image:title>Stanford2</image:title></image:image><lastmod>2017-10-10T22:58:15+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/10/02/calpers-candidates-say-votes-no-longer-secret/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/09/ballot-2.png</image:loc><image:title>Ballot-2</image:title><image:caption>Old CalPERS ballot (Source: Naked Capitalism)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/09/ballot.png</image:loc><image:title>Ballot</image:title><image:caption>New CalPERS ballot with voter signature and bar code
(Source: Naked Capitalism)</image:caption></image:image><lastmod>2017-10-06T17:16:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/09/25/calpers-considers-paying-down-new-debt-faster/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/09/amortization.png</image:loc><image:title>Amortization</image:title></image:image><lastmod>2017-09-30T03:10:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/09/20/cities-urge-calpers-to-help-ease-staff-pay-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/09/w-sac.png</image:loc><image:title>W Sac</image:title><image:caption>Wright</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/09/lodi1.png</image:loc><image:title>Lodi</image:title><image:caption>Schwabauer</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/09/lodi.png</image:loc><image:title>Lodi</image:title><image:caption>Schwabauer</image:caption></image:image><lastmod>2017-09-27T17:36:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/09/11/fewer-charter-schools-choosing-calstrs-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/09/strs.png</image:loc><image:title>STRS</image:title></image:image><lastmod>2017-11-09T22:13:16+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/08/28/sacramento-fire-districts-big-pension-no-pension/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/metro.png</image:loc><image:title>Metro</image:title><image:caption>Top Sacramento Metropolitan pensions (Transparent California)</image:caption></image:image><lastmod>2017-10-13T06:32:49+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/08/21/trumps-out-but-calpers-steps-up-on-climate/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/climate1.png</image:loc><image:title>Climate</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/climate2.png</image:loc><image:title>Climate2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/climate.png</image:loc><image:title>Climate</image:title><image:caption>Chart from CalPERS presentation to Ceres</image:caption></image:image><lastmod>2017-09-01T05:11:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/08/14/should-calstrs-join-uc-in-offering-401k-option/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/strs51.png</image:loc><image:title>STRS5</image:title><image:caption>UC Berkeley paper example of  break-even point</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/urban1.png</image:loc><image:title>Urban</image:title><image:caption>Urban Institute paper example of break-even point</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/strs5.png</image:loc><image:title>STRS5</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/urban.png</image:loc><image:title>Urban</image:title></image:image><lastmod>2017-08-21T20:35:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/08/07/uc-leads-on-pension-loans-are-401k-plans-next/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/uc2.png</image:loc><image:title>UC2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/uc5.png</image:loc><image:title>UC5</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/08/uc4.png</image:loc><image:title>UC4</image:title></image:image><lastmod>2019-12-30T23:46:24+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/07/24/calpers-shunned-by-some-private-equity-firms/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/07/scan_20170722-2.png</image:loc><image:title>Scan_20170722 (2)</image:title></image:image><lastmod>2017-07-25T02:51:50+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/07/17/social-security-a-pension-booster-faces-shortfall/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/07/ss-chart1.png</image:loc><image:title>SS chart</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/07/ss-chart.png</image:loc><image:title>SS chart</image:title><image:caption>Committee for a Responsible Federal Budget chart</image:caption></image:image><lastmod>2017-07-21T14:19:25+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/07/10/old-cause-of-pension-debt-gets-new-attention/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/07/perf2.png</image:loc><image:title>PERF2</image:title><image:caption>CalPERS Comprehensive Annual Financial Report June 30, 2016, p. 116</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/07/perf.png</image:loc><image:title>PERF</image:title><image:caption>CalPERS Comprehensive Annual Financial Report June 30, 2016, p. 116</image:caption></image:image><lastmod>2017-07-15T17:21:24+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/07/03/san-francisco-pension-debt-not-curbed-by-voters/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/07/sf.png</image:loc><image:title>SF</image:title></image:image><lastmod>2017-07-06T15:54:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/06/26/when-will-supreme-court-rule-on-pension-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/06/gavel-21.jpg</image:loc><image:title>Gavel (2)</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/06/gavel-2.jpg</image:loc><image:title>Gavel (2)</image:title></image:image><lastmod>2017-06-30T03:01:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/01/09/another-ruling-says-pension-set-at-hire-can-be-cut/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/01/jenkins.jpg</image:loc><image:title>jenkins</image:title><image:caption>Justice Jenkins</image:caption></image:image><lastmod>2017-06-23T06:00:14+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/10/10/ruling-challenges-prevailing-view-of-pension-law/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/10/needham.jpg</image:loc><image:title>needham</image:title><image:caption>Justice Needham</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/10/sf-ruling.png</image:loc><image:title>sf-ruling</image:title></image:image><lastmod>2017-06-21T03:51:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/10/26/calpers-shifts-focus-to-avoiding-another-big-loss/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/chart.png</image:loc><image:title>Chart</image:title></image:image><lastmod>2017-06-21T03:50:25+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/01/21/veterans-lack-california-rule-pension-protection/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/monahan.jpg</image:loc><image:title>Monahan</image:title><image:caption>Monahan</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/cola2.jpg</image:loc><image:title>COLA2</image:title><image:caption>COLA cut legal challenges (Institute for Illinois Fiscal Sustainability)</image:caption></image:image><lastmod>2017-06-21T03:49:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/08/17/san-jose-drops-appeal-of-pension-california-rule/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/san-jose2.png</image:loc><image:title>San Jose</image:title><image:caption>Mayor Liccardo and Paul Kelly, police union president, last week</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/san-jose1.png</image:loc><image:title>San Jose</image:title><image:caption>Mayor Sam Liccardo and Paul Kelly, police union president, last week</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/san-jose.png</image:loc><image:title>San Jose</image:title><image:caption>San Jose Mayor Sam Liccardo and police union president Paul Kelly after agreement last week</image:caption></image:image><lastmod>2017-06-21T03:47:29+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/08/22/court-pension-decision-weakens-california-rule/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/08/richman.jpg</image:loc><image:title>Richman</image:title><image:caption>Justice Richman</image:caption></image:image><lastmod>2017-06-21T03:46:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/11/28/supreme-court-agrees-to-rule-on-its-own-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/supremes2.jpg</image:loc><image:title>supremes2</image:title><image:caption>CALIFORNIA SUPREME COURT JUSTICES -- Left to right, standing:  Mariano-Florentino Cuellar, Carol Corrigan, Goodwin Liu, and Leondra Kruger. Seated: Kathryn Werdegar, Chief Justice Tani Cantil-Sakauye, and Ming Chin.</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/supremes3.png</image:loc><image:title>supremes3</image:title></image:image><lastmod>2017-06-21T03:43:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/04/17/another-court-setback-for-protectors-of-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/04/perb2.png</image:loc><image:title>PERB2</image:title></image:image><lastmod>2017-06-21T03:39:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/06/19/californias-boldest-pension-reform-five-years-in/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/06/sd-funding.png</image:loc><image:title>SD funding</image:title></image:image><lastmod>2017-06-27T22:32:46+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/06/05/maverick-calpers-board-member-wont-run-again/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/06/jelincic.jpg</image:loc><image:title>Jelincic</image:title><image:caption>Jelincic</image:caption></image:image><lastmod>2018-06-20T22:12:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/05/29/browns-extra-pension-payment-follows-city-lead/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/05/newport.png</image:loc><image:title>Newport</image:title><image:caption>Newport Beach pension debt soared during last decade</image:caption></image:image><lastmod>2017-06-01T16:53:18+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/05/22/calpers-may-cut-trinity-water-district-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/05/funded.png</image:loc><image:title>Funded</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/05/1521-3.png</image:loc><image:title>1521-3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/05/1521-2.png</image:loc><image:title>1521-2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/05/1521.png</image:loc><image:title>1521</image:title></image:image><lastmod>2017-05-25T16:19:58+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/05/12/brown-extra-6-billion-to-cut-state-pension-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/05/finance2.png</image:loc><image:title>Finance2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/05/finance.png</image:loc><image:title>Finance</image:title></image:image><lastmod>2017-08-20T23:10:48+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/05/08/calstrs-rates-are-doubling-but-is-that-enough/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/05/calstrs.png</image:loc><image:title>CalSTRS</image:title></image:image><lastmod>2017-05-11T17:02:17+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/05/01/new-york-pension-systems-outperform-california/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/04/pew.png</image:loc><image:title>Pew</image:title></image:image><lastmod>2017-05-02T17:28:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/04/24/underfunded-calpers-calstrs-dislike-divestment/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/04/wilshire.png</image:loc><image:title>Wilshire</image:title><image:caption>Whilshire table shows CalPERS divestment loss as of June 2016</image:caption></image:image><lastmod>2017-04-29T16:15:32+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/04/12/calpers-state-rate-doubles-in-decade-to-6-billion/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/04/budget.png</image:loc><image:title>Budget</image:title><image:caption>Retirement costs in Gov. Brown's proposed state budget</image:caption></image:image><lastmod>2017-04-19T17:29:41+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/04/03/calstrs-to-tap-state-as-funding-shortfall-grows/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/04/strs.png</image:loc><image:title>STRS</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/04/strs2.png</image:loc><image:title>STRS2</image:title></image:image><lastmod>2017-04-04T15:43:33+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/03/20/uc-paper-argues-full-pension-funding-not-needed/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/03/rates.png</image:loc><image:title>Rates</image:title><image:caption>CalPERS average rates (percentage of pay) before fourth increase</image:caption></image:image><lastmod>2017-05-18T14:10:00+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/03/16/calpers-cuts-la-works-pensions-whos-at-fault/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/03/letter2.png</image:loc><image:title>Letter</image:title><image:caption>Excerpt from ESGVC retirees letter to CalPERS</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/03/letter1.png</image:loc><image:title>Letter</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/03/letter.png</image:loc><image:title>Letter</image:title><image:caption>Excerpt from LA Works employee letter to CalPERS</image:caption></image:image><lastmod>2017-04-13T19:30:18+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/08/25/image-sensitive-calpers-has-down-week-in-media/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/mentions1.png</image:loc><image:title>Mentions</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/mentions.png</image:loc><image:title>Mentions</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/recovered-autosave.jpg</image:loc><image:title>Recovered Autosave</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/taylor1.png</image:loc><image:title>Taylor</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/badwalz2.png</image:loc><image:title>Badwalz</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/badwalz1.png</image:loc><image:title>Badwalz</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/taylor.png</image:loc><image:title>Taylor</image:title><image:caption>Taylor</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/miller2.png</image:loc><image:title>Miller2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/badwalz.png</image:loc><image:title>Badwalz</image:title><image:caption>Badwalz</image:caption></image:image><lastmod>2017-03-01T00:10:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/02/27/calpers-investment-priority-shifts-to-avoiding-loss/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/02/flow.png</image:loc><image:title>flow</image:title></image:image><lastmod>2017-02-28T15:43:58+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/02/20/calpers-tells-four-cities-pay-to-avoid-pension-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/02/san-gabriel.png</image:loc><image:title>san-gabriel</image:title></image:image><lastmod>2017-03-26T03:07:16+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/02/13/calstrs-cuts-hundreds-of-misreported-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/02/audits.png</image:loc><image:title>audits</image:title></image:image><lastmod>2017-02-13T08:46:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/02/02/calstrs-lowers-earnings-forecast-from-7-5-to-7/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/02/return-chart.png</image:loc><image:title>return-chart</image:title></image:image><lastmod>2017-02-10T19:14:49+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/01/30/government-policy-hurts-pensions-low-interest/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/01/dollar1.png</image:loc><image:title>dollar</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/01/rates1.png</image:loc><image:title>rates</image:title></image:image><lastmod>2017-01-30T17:25:32+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/01/27/in-a-first-calstrs-may-set-state-and-teacher-rates/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/01/strs.png</image:loc><image:title>strs</image:title></image:image><lastmod>2017-01-27T21:52:03+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/01/16/state-pension-costs-doubled-after-rate-increases/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/01/budget2.png</image:loc><image:title>budget2</image:title></image:image><lastmod>2017-01-17T04:56:18+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2017/01/02/calpers-reports-make-debt-cost-difficult-to-see/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2017/01/cm4.png</image:loc><image:title>cm4</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/12/cm41.png</image:loc><image:title>cm4</image:title><image:caption>Costa Mesa police plan CalPERS report for June 30, 2015, footnote</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/12/cm4.png</image:loc><image:title>cm4</image:title><image:caption>Costa Mesa police plan CalPERS report for June 30, 2015, footnote</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/12/cm3.png</image:loc><image:title>cm3</image:title><image:caption>Costa Mesa police plan CalPERS report for June 30, 2014</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/12/cm2.png</image:loc><image:title>cm2</image:title><image:caption>Costa Mesa police plan CalPERS report for June 30, 2014</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/12/cm1.png</image:loc><image:title>cm1</image:title><image:caption>Costa Mesa police plan CalPERS report for June 30, 2015</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/12/contributions.png</image:loc><image:title>contributions</image:title></image:image><lastmod>2017-01-10T01:42:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/12/21/calpers-acts-to-cut-earnings-forecast-raise-rates/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/12/chart.png</image:loc><image:title>chart</image:title></image:image><lastmod>2017-01-01T21:40:12+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/12/12/cutting-state-worker-debt-bigger-than-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/12/lao.png</image:loc><image:title>lao</image:title><image:caption>Legislative Analyst's Office report, March 16, 2015, p. 6</image:caption></image:image><lastmod>2016-12-12T14:48:32+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/11/21/calpers-calstrs-considering-more-rate-increases/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/strs.png</image:loc><image:title>strs</image:title></image:image><lastmod>2016-12-15T05:04:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/11/17/calpers-cuts-tiny-towns-pensions-by-60-percent/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/loyalton.jpg</image:loc><image:title>loyalton</image:title></image:image><lastmod>2016-11-23T21:04:55+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/11/07/why-fresno-avoided-bankruptcy-unlike-stockton/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/swearengin1.jpg</image:loc><image:title>swearengin</image:title><image:caption>Swearengin</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/parks2.png</image:loc><image:title>parks</image:title><image:caption>Jacky Parks</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/parks1.png</image:loc><image:title>parks</image:title><image:caption>Jacky Parks</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/parks.png</image:loc><image:title>parks</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/crc-chart.png</image:loc><image:title>crc-chart</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/fp-graf.png</image:loc><image:title>fp-graf</image:title><image:caption>Fresno Police &amp; Fire Retirement System funding level</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/11/swearengin.jpg</image:loc><image:title>swearengin</image:title><image:caption>Mayor Swearengin</image:caption></image:image><lastmod>2016-11-09T16:57:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/10/24/how-pensions-pass-the-buck-to-future-generations/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/10/pi.png</image:loc><image:title>pi</image:title></image:image><lastmod>2016-11-07T00:27:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/05/23/unions-seek-school-pension-death-benefit-hike/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/05/carillo2.png</image:loc><image:title>Carillo2</image:title><image:caption>Carillo</image:caption></image:image><lastmod>2016-09-27T22:09:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/09/26/in-a-first-calpers-may-cut-small-towns-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/09/tombstone.jpg</image:loc><image:title>tombstone</image:title></image:image><lastmod>2016-10-14T06:23:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/09/19/new-ruling-called-existential-threat-to-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/09/bartow22.png</image:loc><image:title>bartow2</image:title><image:caption>CalSTRS attorneys Harvey Leiderman, left, and Brian Bartow</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/09/bartow2-32.png</image:loc><image:title>bartow2-3</image:title><image:caption>Attorneys Brian Bartow, right, and Harvey Leiderman</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/09/bartow2-31.png</image:loc><image:title>bartow2-3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/09/bartow2-3.png</image:loc><image:title>bartow2-3</image:title><image:caption>CalSTRS attorneys Brian Bartow, right, and Harvey Leiderman</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/09/bartow21.png</image:loc><image:title>bartow2</image:title><image:caption>CalSTRS attorneys Brian Bartow, right, and Harvey Leiderman</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/09/bartow2.png</image:loc><image:title>bartow2</image:title><image:caption>CalSTRS attorneys Brian Bartow, right, and Harvey Leiderman, left, at board last week</image:caption></image:image><lastmod>2016-10-24T00:11:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/09/06/as-pensions-eat-budgets-what-can-a-county-do/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/09/sonoma2.png</image:loc><image:title>Sonoma2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/09/sonoma.png</image:loc><image:title>Sonoma</image:title></image:image><lastmod>2016-09-27T13:05:50+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/08/15/dissident-actuaries-want-to-show-big-pension-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/08/tracker.png</image:loc><image:title>Tracker</image:title><image:caption>California Pension Tracker</image:caption></image:image><lastmod>2016-09-10T01:29:46+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/08/01/calpers-funding-gap-may-grow-under-new-trend/</loc><lastmod>2016-08-03T00:02:14+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/07/18/as-calpers-exits-hedge-funds-calstrs-adds-more/</loc><lastmod>2016-07-24T07:50:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/07/05/california-pensions-take-above-average-tax-bite/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/06/bite2.png</image:loc><image:title>Bite2</image:title><image:caption>Source: Public Plans Database and Census of Governments</image:caption></image:image><lastmod>2016-07-11T16:27:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/06/20/how-brown-blocked-calpers-extra-pay-regulation/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/06/times1.png</image:loc><image:title>Times</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/06/times.png</image:loc><image:title>Times</image:title></image:image><lastmod>2016-06-24T05:35:14+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/06/06/calpers-ex-ceo-sentenced-but-probe-continues/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/06/buenrostro2.jpg</image:loc><image:title>Buenrostro</image:title><image:caption>Buenrostro</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/06/buenrostro1.jpg</image:loc><image:title>Buenrostro</image:title><image:caption>Buenrostro</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/06/buenrostro.jpg</image:loc><image:title>Buenrostro</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/06/rolex.png</image:loc><image:title>Rolex</image:title><image:caption>Excerpt from U.S. Attorneys' sentencing memorandum</image:caption></image:image><lastmod>2016-06-11T02:55:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/04/25/calpers-splits-on-studying-tobacco-reinvestment/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/chiang.jpg</image:loc><image:title>Chiang</image:title><image:caption>Chiang</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/tobacco3.png</image:loc><image:title>Tobacco</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/tobacco21.png</image:loc><image:title>Tobacco2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/tobacco2.png</image:loc><image:title>Tobacco</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/tobacco1.png</image:loc><image:title>Tobacco</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/tobacco.png</image:loc><image:title>Tobacco</image:title></image:image><lastmod>2016-05-16T21:36:49+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/05/16/san-jose-reduces-pension-reform-to-attract-police/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/05/liccardo23.jpg</image:loc><image:title>Liccardo2</image:title><image:caption>Liccardo</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/05/liccardo22.jpg</image:loc><image:title>Liccardo2</image:title><image:caption>Liccardo</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/05/liccardo21.jpg</image:loc><image:title>Liccardo2</image:title><image:caption>Liccardo</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/05/constant3.jpg</image:loc><image:title>Constant3</image:title><image:caption>Constant</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/05/liccardo2.jpg</image:loc><image:title>Liccardo2</image:title><image:caption>Liccardo</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/05/constant2.jpg</image:loc><image:title>Constant2</image:title><image:caption>Constant</image:caption></image:image><lastmod>2016-05-30T21:21:27+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/05/02/why-bankrupt-san-bernardino-didnt-cut-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/05/judge.jpg</image:loc><image:title>Judge</image:title><image:caption>Judge Jury</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/05/museum.png</image:loc><image:title>Museum</image:title></image:image><lastmod>2016-05-03T20:20:50+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/04/18/pushing-the-case-for-cost-cutting-pension-reform/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/rauh2.jpg</image:loc><image:title>Rauh2</image:title><image:caption>Rauh</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/sb1251.png</image:loc><image:title>SB1251</image:title></image:image><lastmod>2016-04-22T14:39:24+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/04/13/calpers-state-worker-rate-increase-602-million/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/state.png</image:loc><image:title>STATE</image:title></image:image><lastmod>2016-04-14T14:04:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/04/11/browns-long-road-to-retiree-health-cost-relief/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/04/opeb2.png</image:loc><image:title>OPEB2</image:title></image:image><lastmod>2016-04-11T21:21:34+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/03/28/annual-state-report-begins-showing-pension-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/03/cafr.png</image:loc><image:title>CAFR</image:title></image:image><lastmod>2016-03-29T03:23:12+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/03/21/no-social-security-raise-but-pensions-up-1-5-4/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/03/cola.png</image:loc><image:title>COLA</image:title></image:image><lastmod>2016-04-01T15:45:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/03/14/uc-presidents-pension-cap-has-lower-supplement/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/03/napolitano1.jpg</image:loc><image:title>Napolitano</image:title><image:caption>Napolitano</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/03/napolitano.jpg</image:loc><image:title>Napolitano</image:title><image:caption>Napolitano</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/03/doudna2.jpg</image:loc><image:title>Doudna2</image:title></image:image><lastmod>2016-03-16T20:29:40+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/02/29/judges-win-lawsuit-as-pension-conflicts-continue/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/berle3.jpg</image:loc><image:title>Berle3</image:title><image:caption>Berle</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/berle.jpg</image:loc><image:title>Berle</image:title><image:caption>Berle</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/mallano2.jpg</image:loc><image:title>Mallano2</image:title><image:caption>Mallano</image:caption></image:image><lastmod>2016-03-04T22:03:59+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/02/22/calpers-presidents-vote-allows-him-to-run-again/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/feckner.jpg</image:loc><image:title>Feckner</image:title><image:caption>Feckner</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/jones2.jpg</image:loc><image:title>Jones2</image:title><image:caption>Jones</image:caption></image:image><lastmod>2016-02-22T08:35:28+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/02/15/san-diego-pension-to-401k-reform-goes-to-court/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/demaio2.jpg</image:loc><image:title>DeMaio2</image:title><image:caption>DeMaio</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/demaio.jpg</image:loc><image:title>DeMaio</image:title><image:caption>DeMaio</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/sanders.jpg</image:loc><image:title>Sanders</image:title><image:caption>Sanders</image:caption></image:image><lastmod>2016-02-15T09:25:22+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/02/08/calstrs-gets-new-power-to-set-state-school-rates/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/chart.png</image:loc><image:title>Chart</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/calstrs21.jpg</image:loc><image:title>CalSTRS2</image:title><image:caption>California State Teachers Retirement System (Bizjournal.com photo)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/02/calstrs2.jpg</image:loc><image:title>CalSTRS2</image:title><image:caption>California State Teachers Retirement System building (Bizjournal.com photo)</image:caption></image:image><lastmod>2016-02-09T20:36:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/02/01/school-districts-begin-reporting-pension-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/01/elk-grove.png</image:loc><image:title>Elk Grove</image:title><image:caption>Elk Grove Unified financial statements for June 30, 2015, show pension debt, p. 31</image:caption></image:image><lastmod>2016-02-07T01:06:44+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/01/11/calstrs-11-5-billion-reserve-money-well-spent/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/01/strs2.png</image:loc><image:title>STRS2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2016/01/sbma.png</image:loc><image:title>SBMA</image:title></image:image><lastmod>2016-01-25T21:45:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2016/01/25/pension-initiative-refiling-may-include-legislation/</loc><lastmod>2016-01-27T21:32:46+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/12/28/san-bernardino-plan-cuts-pensions-of-23-retirees/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/sbchart.png</image:loc><image:title>SBchart</image:title></image:image><lastmod>2015-12-30T23:47:17+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/12/21/calpers-considering-term-limits-for-board-leaders/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/feckner.jpg</image:loc><image:title>Feckner</image:title><image:caption>Feckner</image:caption></image:image><lastmod>2015-12-22T03:48:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/12/07/calpers-board-at-odds-with-maverick-member/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/klausner1.png</image:loc><image:title>Klausner</image:title><image:caption>Klausner</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/klausner.png</image:loc><image:title>Klausner</image:title><image:caption>Klausner</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/jelincic2.jpg</image:loc><image:title>Jelincic</image:title><image:caption>Jelincic</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/jelincic1.jpg</image:loc><image:title>Jelincic</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/jelincic.jpg</image:loc><image:title>Jelincic</image:title><image:caption>Jelincic</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/jj22.png</image:loc><image:title>JJ2</image:title><image:caption>From CalPERS Public Records Act summary report August 2015</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/jj21.png</image:loc><image:title>JJ2</image:title><image:caption>CalPERS Public Records Act summary report August 2015</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/jj2.png</image:loc><image:title>JJ2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/jj11.png</image:loc><image:title>JJ1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/12/jj1.png</image:loc><image:title>JJ1</image:title></image:image><lastmod>2015-12-15T21:15:08+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/11/30/calpers-takes-one-step-to-monitor-private-equity/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/pequity2.png</image:loc><image:title>Pequity2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/pequity.png</image:loc><image:title>Pequity</image:title><image:caption>CalPERS private equity in billions (June 30, 2015)</image:caption></image:image><lastmod>2015-11-30T15:22:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/11/23/pension-risk-issue-reborn-long-after-bond-shift/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/calstrs32.jpg</image:loc><image:title>CalSTRS3</image:title><image:caption>CalSTRS tower at dusk</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/calpers22.jpg</image:loc><image:title>CalPERS2</image:title><image:caption>CalPERS complex covers four city blocks</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/calstrs31.jpg</image:loc><image:title>CalSTRS3</image:title><image:caption>CalSTRS  tower at dusk</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/calpers21.jpg</image:loc><image:title>CalPERS2</image:title><image:caption>CalPERS complex covers four city blocks</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/calstrs3.jpg</image:loc><image:title>CalSTRS3</image:title><image:caption>CalSTRS tower</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/calpers2.jpg</image:loc><image:title>CalPERS2</image:title><image:caption>Four-block CalPERS complex</image:caption></image:image><lastmod>2015-11-23T20:45:03+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/11/19/calpers-to-vernon-pensioner-repay-3-5-million/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/malkenhorst.png</image:loc><image:title>Malkenhorst</image:title><image:caption>Malkenhorst</image:caption></image:image><lastmod>2015-11-19T15:26:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/11/17/brown-budgets-shrink-pension-payment-to-csu/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/csu.png</image:loc><image:title>CSU</image:title></image:image><lastmod>2015-11-17T14:50:06+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/11/09/san-jose-atlanta-pensions-a-tale-of-two-rulings/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/vchart.png</image:loc><image:title>Vchart</image:title><image:caption>Vallejo budget projects slightly higher rates than CalPERS report</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/chuck4.jpg</image:loc><image:title>Chuck4</image:title><image:caption>Chuck Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/11/kasim2.jpg</image:loc><image:title>Kasim2</image:title><image:caption>Kasim  Reed</image:caption></image:image><lastmod>2015-11-16T00:36:51+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/10/19/san-bernardino-judge-wants-look-at-pension-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/jjury.jpg</image:loc><image:title>jjury</image:title><image:caption>Judge Jury</image:caption></image:image><lastmod>2015-11-02T15:40:14+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/10/12/new-pension-initiative-puts-utah-like-cap-on-cost/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/demaio5.jpg</image:loc><image:title>DeMaio5</image:title><image:caption>DeMaio</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/demaio3.jpg</image:loc><image:title>DeMaio3</image:title><image:caption>DeMaio</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/reed2.jpg</image:loc><image:title>Reed2</image:title><image:caption>Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/demaio4.jpg</image:loc><image:title>DeMaio4</image:title><image:caption>DeMaio</image:caption></image:image><lastmod>2015-10-19T07:22:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/09/28/bill-would-exempt-some-from-paying-for-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/firefighters.png</image:loc><image:title>Firefighters</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/porac.png</image:loc><image:title>PORAC</image:title></image:image><lastmod>2015-10-19T08:16:13+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/10/05/county-forms-citizen-group-to-curb-pension-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/schart2.png</image:loc><image:title>Schart</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/schart1.png</image:loc><image:title>Schart</image:title><image:caption>Reforms expected to sharply cut Sonoma County pension costs</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/schart.png</image:loc><image:title>Schart</image:title><image:caption>Reforms expected to sharply cut growing Sonoma County pension costs </image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/son21.jpg</image:loc><image:title>Son2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/10/son2.jpg</image:loc><image:title>Son2</image:title></image:image><lastmod>2015-10-05T20:23:15+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/09/21/new-calpers-dispute-over-private-equity-fees/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/jelincic2.jpg</image:loc><image:title>Jelincic</image:title><image:caption>J.J. Jelincic</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/yves3.png</image:loc><image:title>Yves</image:title><image:caption>Yves Smith</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/yves2.png</image:loc><image:title>Yves</image:title><image:caption>Yves Smith</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/yves1.png</image:loc><image:title>Yves</image:title><image:caption>Yves Smith</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/jelincic1.jpg</image:loc><image:title>Jelincic</image:title><image:caption>J.J. Jelincic</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/yves.png</image:loc><image:title>Yves</image:title><image:caption>Yves Smith</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/jelincic.jpg</image:loc><image:title>Jelincic</image:title><image:caption>Jelincic</image:caption></image:image><lastmod>2015-09-22T10:41:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/09/14/pension-of-spiking-poster-child-cut-after-review/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/nowicki12.jpg</image:loc><image:title>Nowicki1</image:title><image:caption>Peter Nowicki addresses pension board</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/nowicki11.jpg</image:loc><image:title>Nowicki1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/nowicki1.jpg</image:loc><image:title>Nowicki1</image:title></image:image><lastmod>2015-09-15T00:49:55+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/09/08/calstrs-rate-hike-brings-plan-for-benefit-increase/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/09/strs.png</image:loc><image:title>STRS</image:title></image:image><lastmod>2015-09-09T05:50:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/08/31/san-bernardino-pension-shift-to-save-2-7-million/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/berdoo2.png</image:loc><image:title>Berdoo2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/berdoo.png</image:loc><image:title>Berdoo</image:title></image:image><lastmod>2015-09-04T01:27:58+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/08/24/brown-aides-urge-calpers-to-speed-up-rate-hike/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/funding.png</image:loc><image:title>Funding</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/cash-flow.png</image:loc><image:title>Cash flow</image:title></image:image><lastmod>2015-08-27T19:17:30+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/08/12/pension-initiative-ballot-summary-draws-crossfire/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/harris.jpg</image:loc><image:title>Harris</image:title><image:caption>Kamala Harris</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/ts1.png</image:loc><image:title>T&amp;S</image:title><image:caption>Attorney general's title and summary of proposed pension initiative</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/ts.png</image:loc><image:title>T&amp;S</image:title></image:image><lastmod>2015-08-13T23:35:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/08/10/how-to-leave-calpers-without-paying-huge-fee/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/ipers21.jpg</image:loc><image:title>iPERS2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/08/ipers2.jpg</image:loc><image:title>iPERS2</image:title></image:image><lastmod>2017-03-31T15:59:04+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/08/04/pension-initiative-has-significant-savings-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/taylor31.jpg</image:loc><image:title>Taylor3</image:title><image:caption>Mac Taylor</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/taylor3.jpg</image:loc><image:title>Taylor3</image:title><image:caption>Mac Taylor</image:caption></image:image><lastmod>2015-08-11T20:35:23+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/07/27/san-bernardino-struggles-to-contract-fire-services/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/berdoo.jpg</image:loc><image:title>Berdoo</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/table.png</image:loc><image:title>Table</image:title></image:image><lastmod>2015-07-27T07:35:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/07/13/unions-say-initiative-allows-future-pension-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/reed3.jpg</image:loc><image:title>Reed3</image:title><image:caption>Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/olson1.jpg</image:loc><image:title>Olson</image:title><image:caption>Olson</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/olson.jpg</image:loc><image:title>Olson</image:title><image:caption>Olson</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/reed.jpg</image:loc><image:title>Reed</image:title><image:caption>Reed</image:caption></image:image><lastmod>2015-07-19T15:36:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/07/06/calpers-will-reveal-private-equity-share-of-profits/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/chart22.png</image:loc><image:title>Chart2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/chart21.png</image:loc><image:title>Chart2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/chart2.png</image:loc><image:title>Chart2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/chart1.png</image:loc><image:title>Chart1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/07/jelincic.jpg</image:loc><image:title>Jelincic</image:title><image:caption>Jelincic</image:caption></image:image><lastmod>2015-07-07T23:51:12+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/06/29/new-rules-try-to-spotlight-hidden-retirement-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/06/rhchart.png</image:loc><image:title>RHchart</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/06/vaudttv21.png</image:loc><image:title>VaudtTV2</image:title><image:caption>David Vaudt</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/06/vaudttv2.png</image:loc><image:title>VaudtTV2</image:title><image:caption>David Vaudt</image:caption></image:image><lastmod>2015-07-02T16:31:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/06/22/new-move-to-reduce-calstrs-social-security-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/06/wep-gpo1.png</image:loc><image:title>WEP-GPO</image:title><image:caption>CalSTRS examples of Social Security offsets</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/06/wep-gpo.png</image:loc><image:title>WEP-GPO</image:title></image:image><lastmod>2018-04-15T04:22:48+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/06/08/initiative-alters-calpers-poison-pill-big-exit-fees/</loc><lastmod>2015-06-08T07:07:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/06/05/initiative-could-switch-new-hires-to-401k-plans/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/06/duo.jpg</image:loc><image:title>Duo</image:title><image:caption>Carl DeMaio and Chuck Reed</image:caption></image:image><lastmod>2015-06-06T17:26:44+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/06/01/calpers-looks-at-long-term-rate-hike-to-cut-risk/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/06/safety.png</image:loc><image:title>Safety</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/06/employer.png</image:loc><image:title>Employer</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/retirees.png</image:loc><image:title>Retirees</image:title></image:image><lastmod>2015-06-03T10:42:24+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/05/26/san-bernardino-exit-plan-cuts-some-pension-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/berdoo2.png</image:loc><image:title>Berdoo2</image:title><image:caption>San Bernardino plan to return to solvency</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/berdoo.png</image:loc><image:title>Berdoo</image:title></image:image><lastmod>2015-05-30T08:28:34+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/05/18/brown-pension-cap-may-dull-uc-competitive-edge/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/uc-funding2.png</image:loc><image:title>UC funding2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/uc-pensions.png</image:loc><image:title>UC pensions</image:title><image:caption>Top 10 UC pensions on Transparent California pension and pay website</image:caption></image:image><lastmod>2015-06-07T17:01:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/05/11/schools-want-spotlight-on-huge-calstrs-rate-hike/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/05/chart.png</image:loc><image:title>Chart</image:title><image:caption>Rate increase projected to get CalSTRS to full funding</image:caption></image:image><lastmod>2015-05-12T12:26:15+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/04/27/retirees-get-voter-oked-pension-cut-overturned/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/barsetti2.jpg</image:loc><image:title>Barsetti2</image:title><image:caption>Barsetti</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/barsetti.jpg</image:loc><image:title>Barsetti</image:title><image:caption>Barsetti</image:caption></image:image><lastmod>2015-04-30T17:15:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/04/20/small-calpers-fund-on-autopilot-1736-funded/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/payments.png</image:loc><image:title>Payments</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/surplus.png</image:loc><image:title>Surplus</image:title></image:image><lastmod>2015-04-20T16:22:30+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/04/13/pension-initiative-may-empower-local-reforms/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/reed11.jpg</image:loc><image:title>Reed1</image:title><image:caption>Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/demaio11.jpg</image:loc><image:title>DeMaio1</image:title><image:caption>DeMaio</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/reed1.jpg</image:loc><image:title>Reed1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/demaio1.jpg</image:loc><image:title>DeMaio1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/union1.jpg</image:loc><image:title>Union1</image:title></image:image><lastmod>2015-04-14T02:23:13+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/04/09/calpers-state-worker-rate-increase-487-million/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/sb4002.jpg</image:loc><image:title>SB4002</image:title></image:image><lastmod>2015-09-06T15:51:33+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/04/06/calstrs-makes-early-move-on-coal-divestment/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/strs22.jpg</image:loc><image:title>STRS2</image:title><image:caption>Sunny Galbraith addresses CalSTRS with "Fossie" in background</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/strs6.jpg</image:loc><image:title>STRS6</image:title><image:caption>Speaker signs in to address CalSTRS board</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/strs21.jpg</image:loc><image:title>STRS2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/strs2.jpg</image:loc><image:title>STRS2</image:title><image:caption>Sunny Galbraith urges CalSTRS board to divest fossil fuels</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/04/strs1.jpg</image:loc><image:title>STRS1</image:title><image:caption>Sunny Galbraith addresses CalSTRS board</image:caption></image:image><lastmod>2015-04-18T22:44:25+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/03/30/calpers-urged-to-avoid-obamacare-cadillac-tax/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/chart2.png</image:loc><image:title>Chart2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/chart-1.jpg</image:loc><image:title>Chart 1</image:title></image:image><lastmod>2015-03-31T18:11:44+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/03/23/lao-consider-phasing-out-retiree-health-care/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/dof.png</image:loc><image:title>DOF</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/lao.png</image:loc><image:title>LAO</image:title></image:image><lastmod>2015-03-27T19:15:16+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/03/16/high-court-ruling-weakens-retiree-health-rights/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/linda-ross3.jpg</image:loc><image:title>Linda Ross</image:title><image:caption>Linda Ross</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/premiums.png</image:loc><image:title>Premiums</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/linda-ross2.jpg</image:loc><image:title>Linda Ross</image:title><image:caption>Linda Ross</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/linda-ross1.jpg</image:loc><image:title>Linda Ross</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/linda-ross.jpg</image:loc><image:title>Linda Ross</image:title><image:caption>Linda Ross</image:caption></image:image><lastmod>2015-03-21T01:27:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/03/09/brown-plan-may-cut-state-retiree-health-payment/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/health.png</image:loc><image:title>Health</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/pan.jpg</image:loc><image:title>Pan</image:title><image:caption>Senator Pan</image:caption></image:image><lastmod>2017-01-16T18:37:08+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/03/02/stockton-bankruptcys-unsettled-pension-legacy/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/03/anguish.jpg</image:loc><image:title>Anguish</image:title></image:image><lastmod>2015-03-09T03:22:03+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/02/23/calpers-activist-shareholder-battle-whole-foods/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/02/mcritchie.jpg</image:loc><image:title>McRitchie</image:title><image:caption>McRitchie</image:caption></image:image><lastmod>2015-02-23T08:23:48+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/02/16/calpers-paid-lawyers-7-million-in-bankruptcies/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/02/klein1.jpg</image:loc><image:title>Klein</image:title><image:caption>Judge Klein</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/02/klein.jpg</image:loc><image:title>Klein</image:title><image:caption>Judge Klein</image:caption></image:image><lastmod>2015-02-20T02:09:04+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/02/09/generous-calstrs-hybrids-have-unexpected-risk/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/02/strs.png</image:loc><image:title>STRS</image:title></image:image><lastmod>2015-02-24T05:46:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/02/02/pension-shareholder-clout-reshapes-corporations/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/02/patrick-garner2.jpeg</image:loc><image:title>THE TIMKEN COMPANY PATRICK GARNER</image:title><image:caption>Patrick Garner inspects Timken spherical roller bearing</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/02/patrick-garner1.jpeg</image:loc><image:title>THE TIMKEN COMPANY PATRICK GARNER</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/02/patrick-garner.jpeg</image:loc><image:title>THE TIMKEN COMPANY PATRICK GARNER</image:title><image:caption>Patrick Garner inspects Timken bearing</image:caption></image:image><lastmod>2015-02-06T04:45:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/01/26/how-paid-sick-leave-can-be-healthy-for-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/sick.jpg</image:loc><image:title>sick</image:title></image:image><lastmod>2019-12-01T23:08:33+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/01/20/sad-end-for-calpers-private-equity-golden-years/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/buenrostro2.jpg</image:loc><image:title>Buenrostro2</image:title><image:caption>Buenrostro</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/villalobos.jpg</image:loc><image:title>Villalobos</image:title><image:caption>Villalobos</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/pe3.png</image:loc><image:title>PE3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/pe2.png</image:loc><image:title>PE2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/pe.png</image:loc><image:title>PE</image:title></image:image><lastmod>2015-01-21T05:27:08+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/01/05/will-brown-propose-paying-judges-pension-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/judges1.png</image:loc><image:title>Judges</image:title><image:caption>“Normal cost” covers the pension earned by active workers during the fiscal year. UAL (unfunded accrued liability) is the debt owed for pension amounts earned in the past by members of the plan. EARSL (expected average remaining service life) is the years current workers are expected to stay on the job. "Payout" is the state cost for the pensions.
</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/judges2.png</image:loc><image:title>Judges2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/judges.png</image:loc><image:title>Judges</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/12/judges.png</image:loc><image:title>Judges</image:title><image:caption>	“Normal cost” covers the pension earned by active workers during the fiscal year. UAL (unfunded accrued liability) is the debt owed for pension amounts earned in the past by members of the plan. EARSL (expected average remaining service life) is the years current workers are expected to stay on the job.
</image:caption></image:image><lastmod>2015-01-20T08:55:37+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2015/01/12/brown-plan-to-eliminate-retiree-health-care-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/health.png</image:loc><image:title>Health</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2015/01/brown3.png</image:loc><image:title>Brown3</image:title></image:image><lastmod>2015-01-27T10:02:15+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/12/22/tackling-the-big-debt-that-lawmakers-let-balloon/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/12/opeb-ul.png</image:loc><image:title>OPEB UL</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/12/health.png</image:loc><image:title>Health</image:title></image:image><lastmod>2015-02-25T21:04:14+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/12/15/calpers-extra-contributions-can-yield-big-savings/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/12/nbchart.png</image:loc><image:title>NBchart</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/12/newport.png</image:loc><image:title>Newport</image:title></image:image><lastmod>2015-01-03T07:29:38+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/12/01/vallejo-first-to-test-no-pension-cut-in-bankruptcy/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/12/vallejo.png</image:loc><image:title>Vallejo</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/11/moodys1.png</image:loc><image:title>Moody's</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/11/moodys.png</image:loc><image:title>Moody's</image:title></image:image><lastmod>2014-12-02T12:46:30+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/11/24/calpers-retirees-outnumber-active-workers-soon/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/11/rates3.jpg</image:loc><image:title>Rates3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/11/ratio2.png</image:loc><image:title>Ratio2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/11/ratio1.png</image:loc><image:title>Ratio1</image:title></image:image><lastmod>2015-01-03T03:48:02+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/11/20/san-bernardino-hires-stockton-exit-plan-architect/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/11/capture.png</image:loc><image:title>Capture</image:title><image:caption>San Bernardino change during three decades (George Mason graph)</image:caption></image:image><lastmod>2014-11-21T21:09:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/11/17/san-jose-pension-reform-new-players-new-ruling/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/11/liccardo.jpg</image:loc><image:title>Liccardo</image:title><image:caption>Liccardo</image:caption></image:image><lastmod>2014-11-21T06:28:23+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/11/10/calstrs-pensions-grew-faster-than-pay-inflation/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/11/strs.png</image:loc><image:title>STRS</image:title></image:image><lastmod>2014-11-21T11:24:42+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/11/03/san-bernardino-votes-on-pay-link-to-other-cities/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/berdoo.png</image:loc><image:title>Berdoo</image:title></image:image><lastmod>2014-11-07T03:51:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/10/31/bankruptcy-judge-explains-pension-cut-hurdles/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/stockton2.png</image:loc><image:title>Stockton</image:title><image:caption>Agreements with creditors approved by Stockton City Council last April</image:caption></image:image><lastmod>2014-11-08T01:24:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/10/27/experts-tell-calstrs-earnings-may-fall-short/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/ailman1.jpg</image:loc><image:title>Ailman</image:title><image:caption>Ailman</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/ailman.jpg</image:loc><image:title>Ailman</image:title><image:caption>Ailman</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/pca1.png</image:loc><image:title>PCA</image:title><image:caption>Pension Consulting Alliance reports earnings forecast from 13 experts</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/pca.png</image:loc><image:title>PCA</image:title><image:caption>Pension Consulting Alliance  reports earnings forecast from 13 experts</image:caption></image:image><lastmod>2014-10-29T18:28:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/10/20/how-calpers-ranks-average-service-high-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/cem1.png</image:loc><image:title>CEM</image:title><image:caption>CEM chart shows above-average CalPERS and CalSTRS costs</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/cem.png</image:loc><image:title>CEM</image:title><image:caption>CEM chart shows high CalPERS and CalSTRS pension administration costs</image:caption></image:image><lastmod>2014-10-29T18:35:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/10/13/san-jose-vote-may-derail-pension-rights-ruling/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/vanguard1.png</image:loc><image:title>Vanguard</image:title><image:caption>Police magazine cover on mayoral candidates Cortese (left) and Liccardo</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/vanguard.png</image:loc><image:title>Vanguard</image:title><image:caption>Police magazine features mayoral candidates Dave Cortese (right) and Sam Liccardo</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/debate.jpg</image:loc><image:title>Debate</image:title><image:caption>Dave Cortese (left) and Sam Liccardo (right) at debate last week</image:caption></image:image><lastmod>2014-10-24T20:44:42+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/10/06/pensions-still-a-puzzle-in-stockton-bankruptcy/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/stockton1.png</image:loc><image:title>Stockton</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/stockton.png</image:loc><image:title>Stockton</image:title></image:image><lastmod>2014-10-19T22:40:03+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/11/05/pension-reform-will-la-make-401ks-a-trend/</loc><lastmod>2014-10-08T05:13:50+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/10/02/bankruptcy-judge-calpers-pensions-can-be-cut/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/10/klein.jpg</image:loc><image:title>klein</image:title><image:caption>Klein</image:caption></image:image><lastmod>2015-07-28T20:05:51+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/09/29/pension-funds-feel-heat-on-climate-change-issue/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/ap-jason-decrow.jpg</image:loc><image:title>AP Jason Decrow</image:title><image:caption>March through Manhattan at UN climate summit (AP photo Jason DeCrow)</image:caption></image:image><lastmod>2014-10-02T05:44:55+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/09/22/calpers-earnings-no-longer-last-among-big-funds/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/eliopoulos.jpg</image:loc><image:title>Eliopoulos</image:title><image:caption>Eliopoulos</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/portfolios1.png</image:loc><image:title>Portfolios</image:title><image:caption>CalPERS adopted the "Portfolio A" three-year investment plan</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/portfolios.png</image:loc><image:title>Portfolios</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/2014.png</image:loc><image:title>2014</image:title></image:image><lastmod>2014-10-02T22:08:04+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/09/15/pensions-may-be-key-to-stockton-bankruptcy-exit/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/port-of-stockton.png</image:loc><image:title>Port of Stockton</image:title><image:caption>Port of Stockton (Google Earth)</image:caption></image:image><lastmod>2014-09-25T02:04:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/09/10/calpers-audit-finds-loose-controls-but-no-spiking/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/feckner2.jpg</image:loc><image:title>Feckner2</image:title><image:caption>Feckner</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/chiang2.jpg</image:loc><image:title>Chiang2</image:title><image:caption>Chiang</image:caption></image:image><lastmod>2014-09-11T15:36:44+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/09/08/calstrs-debt-report-drops-from-167b-to-59-5b/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/ehnes2.jpg</image:loc><image:title>Ehnes2</image:title><image:caption>Ehnes</image:caption></image:image><lastmod>2014-09-09T03:00:08+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/09/02/small-city-puts-spotlight-on-big-calpers-exit-cost/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/term1.png</image:loc><image:title>Term</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/barnett.png</image:loc><image:title>Barnett</image:title><image:caption>Barnett</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/pauly.png</image:loc><image:title>Pauly</image:title><image:caption>Pauly</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/09/term.png</image:loc><image:title>Term</image:title></image:image><lastmod>2014-09-04T10:49:06+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/08/21/calpers-bucks-brown-on-pension-spiking-issue/</loc><lastmod>2014-08-27T01:33:58+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/08/18/merced-county-pensions-still-only-51-4-funded/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/mcera-chart.png</image:loc><image:title>MCERA chart</image:title><image:caption>Merced County pension funding level fell as liability grew (Cheiron chart)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/merced1.jpg</image:loc><image:title>Merced1</image:title></image:image><lastmod>2014-08-21T20:35:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/08/11/ventura-pension-vote-blocked-summit-this-fall/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/reformers21.jpg</image:loc><image:title>Reformers2</image:title><image:caption>From left: Carl Demaio, Peter Foy, Chuck Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/reformers2.jpg</image:loc><image:title>Reformers</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/reformers1.jpg</image:loc><image:title>Reformers</image:title><image:caption>Carl DeMaio       Peter Foy       
       Chuck Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/reformers.jpg</image:loc><image:title>Reformers</image:title><image:caption>Carl DeMaio        Peter Foy       Chuck Reed
</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/reed3.jpg</image:loc><image:title>Reed3</image:title><image:caption>Chuck Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/reed.jpg</image:loc><image:title>Reed</image:title><image:caption>Chuck Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/reed2.jpg</image:loc><image:title>Reed2</image:title><image:caption>Chuck Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/demaio2.jpg</image:loc><image:title>DeMaio2</image:title><image:caption>Carl DeMaio</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/foy2.jpg</image:loc><image:title>Foy2</image:title><image:caption>Peter Foy</image:caption></image:image><lastmod>2014-08-20T19:10:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/08/04/board-ruling-shields-new-hires-from-pension-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/08/la.png</image:loc><image:title>LA</image:title><image:caption>Pension costs squeeze services (Los Angeles 2020 Commission)</image:caption></image:image><lastmod>2014-08-09T17:22:04+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/07/28/detroit-style-pension-cuts-could-it-happen-here/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/07/detroit2.jpg</image:loc><image:title>Detroit</image:title><image:caption>Detroit retirees at rally earlier this month (AP photo/Paul Sancya)</image:caption></image:image><lastmod>2014-08-07T20:56:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/07/21/uc-borrows-2-7-billion-to-fund-pension-debt/</loc><lastmod>2014-08-01T04:51:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/07/14/will-anything-new-emerge-in-calpers-scandal/</loc><lastmod>2014-10-25T22:08:49+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/07/09/bankruptcy-judge-may-rule-pensions-can-be-cut/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/07/klein.jpg</image:loc><image:title>klein</image:title><image:caption>Klein</image:caption></image:image><lastmod>2014-07-20T19:00:22+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/07/07/brown-pension-reform-still-has-missing-pieces/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/07/contributions.png</image:loc><image:title>Contributions</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/07/2-7-at-57.png</image:loc><image:title>2.7 at 57</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/07/3-at-50.png</image:loc><image:title>3 at 50</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/07/3-at-60.png</image:loc><image:title>3 at 60</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/07/2-at-62.png</image:loc><image:title>2 at 62</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/07/2-at-55.png</image:loc><image:title>2 at 55</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/07/hybrid.png</image:loc><image:title>Hybrid</image:title></image:image><lastmod>2014-07-12T07:15:54+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/06/30/can-local-voters-phase-out-county-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/06/grau4.png</image:loc><image:title>Grau4</image:title><image:caption>David Grau</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/06/bennett2.png</image:loc><image:title>Bennett2</image:title><image:caption>Steve Bennett</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/06/grau3.png</image:loc><image:title>Grau3</image:title><image:caption>David Grau</image:caption></image:image><lastmod>2014-07-07T22:06:00+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/06/23/san-bernardino-cuts-deal-to-pay-calpers-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/06/sb-logo.jpg</image:loc><image:title>SB Logo</image:title></image:image><lastmod>2014-06-30T14:00:30+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/06/18/calstrs-gets-5-billion-increase-over-seven-years/</loc><lastmod>2014-06-27T20:40:17+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/06/16/judges-keep-close-watch-over-their-own-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/06/torres3.jpg</image:loc><image:title>Torres3</image:title><image:caption>Sen. Torres</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/06/torres.jpg</image:loc><image:title>Torres</image:title><image:caption>Sen. Torres</image:caption></image:image><lastmod>2014-06-18T15:56:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/06/09/stockton-bankruptcy-judge-may-issue-two-rulings/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/06/levinson.jpg</image:loc><image:title>Levinson</image:title><image:caption>Levinson</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/06/johnston.jpg</image:loc><image:title>Johnston</image:title><image:caption>Johnston</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/06/gearin.jpg</image:loc><image:title>Gearin</image:title><image:caption>Gearin</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/06/klein.jpg</image:loc><image:title>Klein</image:title><image:caption>Judge Klein</image:caption></image:image><lastmod>2014-06-16T21:06:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/06/02/new-step-to-expose-hidden-retiree-health-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/dof24.png</image:loc><image:title>DOF2</image:title><image:caption>Revised budget chart shows growth of state retirement costs</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/dof23.png</image:loc><image:title>DOF2</image:title><image:caption>Department of Finance chart shows growth of state retirement costs</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/dof22.png</image:loc><image:title>DOF2</image:title><image:caption>State retirement costs for CalPERS, health, CalSTRS, Judges and Legislators</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/dof21.png</image:loc><image:title>DOF2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/dof2.png</image:loc><image:title>DOF2</image:title><image:caption>Department of Finance chart shows growing state retirement costs</image:caption></image:image><lastmod>2014-06-06T02:52:18+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/05/27/winners-losers-as-calpers-shuffles-risk-pool-rates/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/risk.png</image:loc><image:title>Risk</image:title></image:image><lastmod>2014-06-03T06:21:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/05/19/stockton-bankruptcy-judge-looks-at-pension-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/klein6.jpg</image:loc><image:title>Klein6</image:title><image:caption>Judge Klein</image:caption></image:image><lastmod>2014-06-03T15:43:18+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/05/14/brown-calstrs-plan-schools-get-biggest-rate-hike/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/dof3.jpg</image:loc><image:title>DOF3</image:title><image:caption>Department of Finance chart shows expected CALSTRS funding</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/dof2.jpg</image:loc><image:title>DOF2</image:title></image:image><lastmod>2014-05-17T03:37:26+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/05/12/county-pension-funds-can-still-tap-excess-earnings/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/holly2.jpg</image:loc><image:title>Holly</image:title><image:caption>Holly Madrigal, right, at Bay Area county pension reform conference</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/holly1.jpg</image:loc><image:title>Holly</image:title><image:caption>Willits Mayor Holly Madrigal, right, at Bay Area regional pension reform conference</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/holly.jpg</image:loc><image:title>Holly</image:title></image:image><lastmod>2014-05-17T06:00:29+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/05/05/calpers-report-pay-hike-to-offset-pension-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/05/pepra2.jpg</image:loc><image:title>PEPRA2</image:title><image:caption>CalPERS example compares pre-reform pension with PEPRA pension</image:caption></image:image><lastmod>2014-08-09T04:28:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/04/28/calpers-board-splits-on-pension-spiking-rule/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/lao-chart21.jpg</image:loc><image:title>LAO chart2</image:title><image:caption>LAO chart shows flat take-home pay and rising state cost</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/lao-chart2.jpg</image:loc><image:title>LAO chart2</image:title><image:caption>LAO chart shows flat employee take-home pay and rising state employee cost</image:caption></image:image><lastmod>2014-06-03T07:33:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/04/21/pensions-still-cloud-stockton-bankruptcy-exit/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/kurt-wilson.jpg</image:loc><image:title>Kurt Wilson</image:title><image:caption>Kurt Wilson</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/fc22.jpg</image:loc><image:title>FC2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/fc21.jpg</image:loc><image:title>FC2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/fc-4.jpg</image:loc><image:title>FC 4</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/fc2.jpg</image:loc><image:title>FC2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/fat-city2.jpg</image:loc><image:title>Fat City2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/fat-city-3.jpg</image:loc><image:title>Fat City 3</image:title></image:image><lastmod>2014-04-23T23:06:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/04/17/calpers-hikes-rate-459-million-funding-still-low/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/funding2.jpg</image:loc><image:title>Funding2</image:title></image:image><lastmod>2014-05-01T00:04:08+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/04/14/calpers-seeks-fresh-faces-to-manage-investments/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/lorie.jpg</image:loc><image:title>Lorie</image:title><image:caption>Lorie Weir explains targeted investment program at CalPERS emerging manager forum</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/panel.jpg</image:loc><image:title>Panel</image:title><image:caption>Private equity panel at CalPERS emerging manager forum</image:caption></image:image><lastmod>2014-04-14T07:28:26+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/04/07/calstrs-members-get-300-million-from-surplus/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/crossroads22.jpg</image:loc><image:title>Crossroads2</image:title><image:caption>CalSTRS AT THE CROSSROADS: No rate hike, pension fund depleted by 2046. Full rate hike, 100 percent funded in 30 years. (Milliman actuaries)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/crossroads21.jpg</image:loc><image:title>Crossroads2</image:title><image:caption>CalSTRS AT THE CROSSROADS: No rate hike, pension fund depleted by 2046. Full rate hike, full funding in 30 years. (Milliman actuaries)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/04/crossroads2.jpg</image:loc><image:title>Crossroads2</image:title><image:caption>CalSTRS at the crossroads: No rate hike, fund depletion. Full rate hike, full funding.</image:caption></image:image><lastmod>2014-04-17T06:34:42+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/03/31/suit-seeks-back-pay-pension-boost-for-all-judges/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/03/mallano.jpg</image:loc><image:title>mallano</image:title><image:caption>Judge Mallano</image:caption></image:image><lastmod>2014-04-03T05:24:58+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/03/24/calstrs-rate-hike-a-start-full-phase-in-or-delay/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/03/milliman2.jpg</image:loc><image:title>Milliman2</image:title><image:caption>CalSTRS had funding surplus in 2000 (Milliman actuaries chart)</image:caption></image:image><lastmod>2014-03-31T06:10:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/03/17/vallejo-bankrupt-again-we-are-not-going-there/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/03/lauchner.png</image:loc><image:title>Lauchner</image:title><image:caption>Lauchner</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/03/davis3.jpg</image:loc><image:title>06-14OSBYDAVIS-#0009</image:title><image:caption>Mayor Davis</image:caption></image:image><lastmod>2014-03-18T03:27:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/03/10/judge-finds-no-vested-right-to-spiked-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/03/flinn.jpg</image:loc><image:title>Flinn</image:title><image:caption>Judge Flinn (Contra Costa Times photo)</image:caption></image:image><lastmod>2014-03-16T12:06:16+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/03/03/three-new-rulings-on-retiree-health-care-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/03/rhealth2.jpg</image:loc><image:title>Rhealth2</image:title></image:image><lastmod>2014-04-03T05:09:42+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/02/24/huge-calstrs-funding-hole-grew-for-10-years/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/02/strs1.jpg</image:loc><image:title>STRS1</image:title><image:caption>CalSTRS chart showing approximate sources of pension funding</image:caption></image:image><lastmod>2014-04-27T17:40:18+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/02/19/calpers-rate-hike-governor-wins-cities-lose/</loc><lastmod>2014-02-28T02:24:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/02/18/nine-charter-schools-fail-new-calpers-entry-test/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/02/myrna21.jpg</image:loc><image:title>Myrna2</image:title><image:caption>Myrna Castrejon</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/02/donna.jpg</image:loc><image:title>Donna</image:title><image:caption>Donna Lum</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/02/myrna2.jpg</image:loc><image:title>Myrna2</image:title><image:caption>Myrna Castrejon</image:caption></image:image><lastmod>2014-02-25T07:16:42+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/02/10/the-big-casino-paying-pension-debt-with-bonds/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/02/piedmont.jpg</image:loc><image:title>Piedmont</image:title><image:caption>Piedmont City Hall (Patch photo)</image:caption></image:image><lastmod>2014-03-19T05:28:55+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/02/06/faster-rate-hikes-sought-for-calpers-calstrs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/02/perez21.jpg</image:loc><image:title>Perez2</image:title><image:caption>Assembly Speaker John Perez, right, and Assemblyman Rob Bonta</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/02/perez2.jpg</image:loc><image:title>Perez2</image:title><image:caption>Assembly Speaker John Perez, right, and Assemblyman Rob Bonta at news conference last week</image:caption></image:image><lastmod>2014-02-17T22:55:37+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/01/31/reed-pension-reform-stalls-401k-favored-in-poll/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/reed2.jpg</image:loc><image:title>Reed2</image:title><image:caption>Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/harris3.jpg</image:loc><image:title>Harris</image:title><image:caption>Harris</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/harris2.jpg</image:loc><image:title>Harris</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/harris1.jpg</image:loc><image:title>Harris</image:title><image:caption>Harris</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/harris.jpg</image:loc><image:title>Harris</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/reed.jpg</image:loc><image:title>Reed</image:title><image:caption>Reed</image:caption></image:image><lastmod>2014-03-20T23:27:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/01/27/ventura-county-pension-reform-has-poster-child/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/brooks.jpg</image:loc><image:title>Brooks</image:title><image:caption>Bob Brooks</image:caption></image:image><lastmod>2014-03-19T02:09:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/01/13/brown-committed-to-getting-calstrs-rate-hike/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/brown3.jpg</image:loc><image:title>Brown3</image:title><image:caption>Gov. Brown proposes new state budget</image:caption></image:image><lastmod>2015-03-04T22:06:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2014/01/06/calpers-plans-rate-hike-third-in-last-two-years/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/milstein11.jpg</image:loc><image:title>Milstein1</image:title><image:caption>Leyne Milstein (Sacramento  Business Journal)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/milstein1.jpg</image:loc><image:title>Milstein1</image:title><image:caption>Leyne Milstein</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/project11.jpg</image:loc><image:title>Project1</image:title><image:caption>CalPERS projection of state and school employer rates issued last fall</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/attach11.jpg</image:loc><image:title>Attach1</image:title><image:caption>CalPERS estimate of rate hikes to cover longer lives of retirees</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/mort12.jpg</image:loc><image:title>Mort1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/project1.jpg</image:loc><image:title>Project1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/attach1.jpg</image:loc><image:title>Attach1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/mort11.jpg</image:loc><image:title>Mort1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2014/01/mort1.jpg</image:loc><image:title>Mort1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/m1.jpg</image:loc><image:title>M1</image:title></image:image><lastmod>2014-01-27T23:02:29+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/12/30/san-jose-pension-reforms-ruled-violation-of-rights/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/lucas3.jpg</image:loc><image:title>Lucas3</image:title><image:caption>Judge Lucas</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/lucas.jpg</image:loc><image:title>Lucas</image:title><image:caption>Judge Patricia Lucas</image:caption></image:image><lastmod>2014-01-09T06:13:42+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/12/23/pension-initiative-gets-mixed-lao-cost-analysis/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/laoxx.jpg</image:loc><image:title>LAOXX</image:title><image:caption>LAO summary of pension initiative fiscal effects</image:caption></image:image><lastmod>2014-01-15T21:22:40+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/12/09/san-bernardino-police-get-second-1-million-raise/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/pay4.jpg</image:loc><image:title>Pay4</image:title><image:caption>Webcast of San Bernardino City Council vote on pay raise</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/pay3.jpg</image:loc><image:title>Pay3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/pay1.jpg</image:loc><image:title>Pay1</image:title><image:caption>Webcast of San Bernardino City Council vote on pay raise</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/pay-008.jpg</image:loc><image:title>Pay 008</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/pay2.jpg</image:loc><image:title>Pay2</image:title></image:image><lastmod>2013-12-19T00:43:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/12/02/retiree-health-bigger-budget-bite-than-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/sco-ul.png</image:loc><image:title>SCO UL</image:title><image:caption>Controller report's chart shows pay-as-you-go funding and alernatives</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/12/state-ul.png</image:loc><image:title>State UL</image:title></image:image><lastmod>2013-12-09T02:26:27+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/11/25/would-stockton-plan-avoid-vallejo-like-deficit/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/11/stockton-gf2.png</image:loc><image:title>Stockton GF2</image:title><image:caption>40-year projection of general fund percentage spent on retirement</image:caption></image:image><lastmod>2013-12-09T11:59:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/11/18/calpers-investment-change-unlikely-to-raise-rates/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/11/cash-flow.png</image:loc><image:title>Cash flow</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/11/portfolios.png</image:loc><image:title>Portfolios</image:title><image:caption>CalPERS board prefers the "Base Case" and "Higher Return" portfolios</image:caption></image:image><lastmod>2013-11-25T16:48:59+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/11/12/no-ceasefire-in-calpers-war-with-san-bernardino/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/11/recall.png</image:loc><image:title>Recall</image:title><image:caption>Voters recalled 26-year San Bernardino City Attorney James Penman           (Rick Sforza/San Bernardino Sun)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/11/berdoo-graph.png</image:loc><image:title>Berdoo graph</image:title><image:caption>San Bernardino change during three decades (George Mason graph)</image:caption></image:image><lastmod>2013-12-12T23:01:53+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/11/04/calpers-members-live-longer-may-push-up-rates/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/11/rate-impact.png</image:loc><image:title>Rate impact</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/11/mortality2.png</image:loc><image:title>Mortality2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/11/mortality-chart.png</image:loc><image:title>Mortality chart</image:title></image:image><lastmod>2013-11-05T21:43:14+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/10/28/will-transit-challenge-derail-pension-reform/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/10/ps.png</image:loc><image:title>PS</image:title><image:caption>Gov. Brown's postscript on letter to Labor secretary</image:caption></image:image><lastmod>2013-11-02T15:57:38+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/10/21/initiative-shows-how-young-pay-pensions-of-old/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/10/calpers-chart.png</image:loc><image:title>CalPERS chart</image:title><image:caption>Standard CalPERS debt payment (green) and 10-year period (red)</image:caption></image:image><lastmod>2013-10-24T22:26:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/10/14/pension-reform-initiative-would-empower-cities/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/10/reed3.jpg</image:loc><image:title>Reed3</image:title><image:caption>Mayor Reed addresses pension conference</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/10/rate-history1.png</image:loc><image:title>Rate history</image:title></image:image><lastmod>2013-10-24T18:26:34+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/10/07/new-focus-on-showing-risk-as-calpers-rates-go-up/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/10/rate-history2.png</image:loc><image:title>Rate history</image:title><image:caption>History of state and school CalPERS payments</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/10/rates2.png</image:loc><image:title>Rates</image:title><image:caption>New CalPERS projection of state and school rates over next six years       (Rates are  percentage of pay)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/10/rate-history.png</image:loc><image:title>Rate history</image:title><image:caption>History of annual state and school CalPERS payments</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/10/rates1.png</image:loc><image:title>Rates</image:title><image:caption>New CalPERS projection of state and school rates over next six years</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/10/rates.png</image:loc><image:title>Rates</image:title><image:caption>New CalPERS projection of rates over next six years</image:caption></image:image><lastmod>2013-10-19T03:46:26+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/09/30/stockton-may-dodge-pension-battle-if-deals-hold/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/09/gap.png</image:loc><image:title>Gap</image:title><image:caption>How Stockton plan would close general fund spending gap</image:caption></image:image><lastmod>2013-10-07T02:33:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/09/23/judge-rules-retiree-health-protected-like-pension/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/09/lavin2.png</image:loc><image:title>Lavin2</image:title><image:caption>Judge Lavin</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/09/lac.png</image:loc><image:title>LAC</image:title></image:image><lastmod>2015-05-07T07:41:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/09/16/calstrs-debt-soars-under-new-accounting-rules/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/09/gasb11.jpg</image:loc><image:title>GASB1</image:title><image:caption>How new Net Pension Liability would boost school district debt</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/09/gasb1.jpg</image:loc><image:title>GASB1</image:title><image:caption>Estimates of how new Net Pension Liability would boost school district debt</image:caption></image:image><lastmod>2013-10-24T02:24:55+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/09/09/calpers-seeks-outside-review-of-computer-system/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/09/mycp.png</image:loc><image:title>MyCP</image:title><image:caption>MyCalPERS cost more than doubled from original estimate</image:caption></image:image><lastmod>2013-09-09T15:27:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/09/03/calpers-vs-san-bernardino-what-do-they-want/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/09/gearin2.jpg</image:loc><image:title>Gearin2</image:title><image:caption>Gearin</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/09/dubrow2.jpg</image:loc><image:title>Dubrow2</image:title><image:caption>Dubrow</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/09/gearin.jpg</image:loc><image:title>Gearin</image:title><image:caption>Gearin</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/sbchart2.jpg</image:loc><image:title>SBchart2</image:title><image:caption>San Bernardino spending dropped after bankruptcy (April budget packet)</image:caption></image:image><lastmod>2013-09-05T16:14:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/08/26/calpers-pushed-to-invest-through-minority-firms/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/scream2.png</image:loc><image:title>Scream2</image:title><image:caption>Munch's "The Scream"</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/baez.png</image:loc><image:title>Baez</image:title><image:caption>Cesar Baez</image:caption></image:image><lastmod>2013-08-30T23:42:02+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/08/19/skimming-excess-pension-investment-earnings/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/strs2.png</image:loc><image:title>STRS</image:title><image:caption>CalSTRS funding level (red line) dropped from 120 percent in 2000 to 67 percent last year. Bar at left shows investment losses (blue) caused 46 percent of the drop, benefit increases 25 percent. (Milliman actuaries, CalSTRS board video archive, April 2013)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/strs1.png</image:loc><image:title>STRS</image:title><image:caption>CalSTRS funding level (red line) dropped from 120 percent in 2000 to 67 percent last year. Bar at left shows investment losses (blue) caused 46 percent of drop, benefit increases 25 percent. (Milliman actuaries slide shown board, April 2013 video archive)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/strs.png</image:loc><image:title>STRS</image:title><image:caption>CalSTRS chart shows impact of benefit increases and investment losses</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/econ2.jpg</image:loc><image:title>Econ2</image:title><image:caption>The Economist magazine cover, July 27-August 2 2013 issue</image:caption></image:image><lastmod>2013-09-21T17:04:02+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/08/12/public-pensions-become-issue-in-labor-strikes/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/bart2.jpg</image:loc><image:title>BART and Unions present before  state panel</image:title><image:caption>One of several strike warning shirts and jackets at panel hearing (San Jose Mercury-News photo)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/bart.jpg</image:loc><image:title>BART and Unions present before  state panel</image:title><image:caption>One of several strike warning shirts and jackets at panel hearing (Mercury-News photo)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/flier2.jpg</image:loc><image:title>Flier2</image:title><image:caption>Union handout at BART stations last week</image:caption></image:image><lastmod>2013-08-19T02:11:55+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/08/05/can-san-jose-cut-pensions-of-current-workers/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/08/san-jose.jpeg</image:loc><image:title>San Jose</image:title></image:image><lastmod>2013-11-05T20:21:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/07/29/calpers-still-in-choppy-seas-after-perfect-storm/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/07/eras11.jpg</image:loc><image:title>ERAS1</image:title><image:caption>CalPERS chart shows internal ratings rise and fall with economy</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/07/eras1.jpg</image:loc><image:title>ERAS1</image:title><image:caption>Internal CalPERS ratings rise and fall with economy</image:caption></image:image><lastmod>2013-08-06T00:40:14+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/07/22/will-detroits-bankruptcy-lead-to-stockton-deal/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/07/nyt6.jpg</image:loc><image:title>NYT6</image:title><image:caption>Graph from New York Times, July 19, 2013</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/07/nyt3.jpg</image:loc><image:title>NYT3</image:title><image:caption>Graph from New York Times, July 18, 2013</image:caption></image:image><lastmod>2013-07-28T21:26:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/07/01/law-prevents-cuts-in-retiree-health-care-costs/</loc><lastmod>2013-07-22T18:51:55+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/06/24/calpers-wants-lien-on-local-government-assets/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/sb2.jpg</image:loc><image:title>SB2</image:title><image:caption>San Bernardino case is in Riverside U.S. Bankruptcy Court</image:caption></image:image><lastmod>2013-06-25T22:06:04+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/06/20/new-calpers-rate-hike-era-begins-with-cost-cut/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/ratio3.jpg</image:loc><image:title>Ratio</image:title><image:caption>CalPERS chart shows funding level for state and schools plans</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/ratio2.jpg</image:loc><image:title>Ratio</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/ratio1.jpg</image:loc><image:title>Ratio</image:title><image:caption>CalPERS funding level for state and non-teaching school workers</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/ratio.jpg</image:loc><image:title>Ratio</image:title><image:caption>CalPERS funding level for state workers and non-teaching school workers</image:caption></image:image><lastmod>2013-06-21T21:29:41+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/06/13/stockton-bankruptcys-key-planner-will-retire/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/silva21.jpg</image:loc><image:title>Silva2</image:title><image:caption>Mayor Silva prepares for battle (KXTV photo)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/mayor-silva.jpg</image:loc><image:title>Mayor Silva</image:title><image:caption>Mayor Silva prepares for battle</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/silva-mug.jpg</image:loc><image:title>Silva mug</image:title><image:caption>Anthony Silva</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/silva-mug2.jpg</image:loc><image:title>Silva mug2</image:title><image:caption>Anthony Silva</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/bob-deis2.jpg</image:loc><image:title>Bob Deis2</image:title><image:caption>Bob Deis</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/silva2.jpg</image:loc><image:title>Silva2</image:title><image:caption>Mayor Silva urges "war" for change</image:caption></image:image><lastmod>2013-06-18T04:05:34+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/06/06/reform-prohibits-new-supplemental-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/cp-logo.jpeg</image:loc><image:title>CP Logo</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/06/pars.jpeg</image:loc><image:title>PARS</image:title></image:image><lastmod>2013-06-06T07:30:58+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/05/20/pension-measure-wave-crests-court-slog-remains/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/pg1.jpg</image:loc><image:title>PG1</image:title><image:caption>Pacific Grove City Hall</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/pacific-grove-005.jpg</image:loc><image:title>Pacific Grove 005</image:title><image:caption>Pacific Grove City Hall</image:caption></image:image><lastmod>2013-06-13T00:05:03+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/05/13/union-actuary-says-uc-overstates-pension-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/afscme21.jpg</image:loc><image:title>AFSCME2</image:title><image:caption>Pension bargaining update on AFSCME Local 3299 website</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/afscme2.jpg</image:loc><image:title>AFSCME2</image:title><image:caption>Pension bargaining update on AFSCME Local 3299 last week</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/uc2.jpeg</image:loc><image:title>UC2</image:title><image:caption>Line 1 -- Earliest retirement age
Line 2--Minimum age to receive full benefits
Line 3--Compensation used for benefits calculation
Line 4 -- Employee contribution
Line 5 -- Employer contribution</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/uc.jpeg</image:loc><image:title>UC</image:title><image:caption>UC retirement plan</image:caption></image:image><lastmod>2013-05-22T04:10:20+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/05/06/calpers-wont-refinance-san-bernardinos-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/billboard.jpeg</image:loc><image:title>Billboard</image:title><image:caption>Police union billboard (Photo: Gabriel Luis Acosta/San Bernardino Sun</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/05/sb-chart1.jpg</image:loc><image:title>SB chart1</image:title><image:caption>Debt deferral shown San Bernardino city council last month</image:caption></image:image><lastmod>2013-05-15T03:26:59+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/04/29/prefunding-retiree-health-care-is-this-the-year/</loc><lastmod>2013-05-04T00:30:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/04/22/how-much-can-pensions-squeeze-other-programs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/04/rates1.jpeg</image:loc><image:title>Rates</image:title><image:caption>Local safety plans with rates of 40 percent of pay or more:72</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/04/rates.jpeg</image:loc><image:title>Rates</image:title></image:image><lastmod>2013-05-04T02:58:00+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/04/17/calpers-panel-approves-rate-hike-on-split-vote/</loc><lastmod>2013-04-23T01:35:28+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/04/15/calstrs-benefit-hikes-big-part-of-pension-debt/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/04/milliman.png</image:loc><image:title>Milliman</image:title><image:caption>Current CalSTRS funding runs out in 30 years</image:caption></image:image><lastmod>2013-09-10T02:07:43+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/04/08/stockton-bankruptcy-roll-back-pension-spiking/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/04/sacto-safety.jpg</image:loc><image:title>Sacto Safety</image:title><image:caption>Sacramento Safety</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/04/stockton-safety.jpg</image:loc><image:title>Stockton Safety</image:title><image:caption>Stockton Safety</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/04/stockton1.jpg</image:loc><image:title>Stockton1</image:title><image:caption>Stockton bankruptcy video used "Monopoly" board game theme</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/04/trans-1.png</image:loc><image:title>Trans-1</image:title></image:image><lastmod>2013-04-13T13:51:13+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/04/01/stockton-bankruptcy-the-case-for-calpers-cuts/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/perf.png</image:loc><image:title>PERF</image:title></image:image><lastmod>2013-04-07T23:22:12+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/03/25/calpers-rate-hike-50-percent-over-six-years/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/pers-2a.png</image:loc><image:title>PERS-2A</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/pers-3.png</image:loc><image:title>PERS-3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/pers-2.png</image:loc><image:title>PERS-2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/pers-1.png</image:loc><image:title>PERS-1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/pers-safety.png</image:loc><image:title>PERS safety</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/pers-misc.png</image:loc><image:title>PERS MISC</image:title></image:image><lastmod>2015-07-16T17:13:53+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/03/21/lao-recommends-4-5-billion-calstrs-rate-hike/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/lao.png</image:loc><image:title>LAO</image:title><image:caption>Legislative Analyst's Office chart</image:caption></image:image><lastmod>2013-03-23T14:25:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/03/18/rookies-bill-proposes-browns-calpers-reform/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/ad10-levine.jpg</image:loc><image:title>AD10-Levine</image:title><image:caption>Marc Levine</image:caption></image:image><lastmod>2015-01-13T20:01:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/03/11/post-crisis-reforms-make-pensions-sustainable/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/munnell.jpg</image:loc><image:title>Munnell</image:title><image:caption>Alicia Munnell</image:caption></image:image><lastmod>2013-03-13T20:24:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/03/04/pension-cram-down-in-stockton-bankruptcy/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/03/stockton3.png</image:loc><image:title>Stockton3</image:title><image:caption>How Stockton would save by restructuring bond payments</image:caption></image:image><lastmod>2013-06-05T19:34:47+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/02/25/as-economy-recovers-calpers-may-lift-rate-lid/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/02/pers-returns.png</image:loc><image:title>PERS returns</image:title><image:caption>CalPERS 10-year returns: actual (blue), target (gray), benchmark (red)</image:caption></image:image><lastmod>2013-03-01T15:50:43+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/02/15/how-much-calstrs-debt-due-to-mismanagement/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/02/strs-1.jpg</image:loc><image:title>STRS-1</image:title><image:caption>Funding level shown in CalSTRS valuation report, June 30, 2011</image:caption></image:image><lastmod>2013-02-23T17:00:07+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/02/07/calpers-projects-200-million-state-rate-hike/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/02/pers-rates2.jpg</image:loc><image:title>PERS rates2</image:title><image:caption>State contributions to CalPERS for state workers</image:caption></image:image><lastmod>2013-02-10T19:35:49+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/02/04/calstrs-4-5-billion-rate-hike-for-full-funding/</loc><lastmod>2013-12-17T06:27:32+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/01/31/how-much-do-big-pensions-widen-funding-gap/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/01/sb400-23.jpeg</image:loc><image:title>SB400-2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/01/sb-4001.jpg</image:loc><image:title>SB 400</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/01/sb-400.jpeg</image:loc><image:title>SB 400</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2013/01/sb-400.jpg</image:loc><image:title>SB 400</image:title></image:image><lastmod>2013-02-06T22:31:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/01/24/la-leads-nation-in-big-city-retiree-health-funding/</loc><lastmod>2013-01-29T16:54:51+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/01/17/how-would-stockton-bankruptcy-cut-pensions/</loc><lastmod>2013-01-23T08:39:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/01/10/calstrs-investments-hard-look-after-tragedy/</loc><lastmod>2013-01-14T17:33:28+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2013/01/03/browns-pension-bill-the-biggest-rollback/</loc><lastmod>2013-01-12T21:11:43+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/12/24/san-bernardino-may-have-to-pay-full-pension-tab/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/12/san-berdoo1.jpg</image:loc><image:title>San Berdoo1</image:title><image:caption>San Bernardino Mayor Patrick Morris, left, and City Attorney James Penman talk to reporters</image:caption></image:image><lastmod>2013-01-04T21:01:48+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/12/20/san-bernardino-plan-cut-or-refinance-pensions/</loc><lastmod>2012-12-25T20:14:50+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/12/17/new-california-pensions-drop-back-toward-pack/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/12/lao1.jpg</image:loc><image:title>LAO1</image:title><image:caption>Legislative Analyst's Office Perspective and Issues 2005-06</image:caption></image:image><lastmod>2012-12-24T17:36:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/12/10/illinois-pension-crisis-could-it-happen-here/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/12/squeezy.png</image:loc><image:title>Squeezy</image:title></image:image><lastmod>2012-12-16T07:41:14+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/12/03/reform-ends-market-pressure-to-boost-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/12/antioch-004.jpg</image:loc><image:title>Antioch 004</image:title><image:caption>Antioch city council</image:caption></image:image><lastmod>2012-12-14T03:30:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/11/26/calstrs-action-on-long-delayed-rate-increase/</loc><lastmod>2012-11-27T02:23:47+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/11/19/high-cost-of-leaving-calpers-may-get-higher/</loc><lastmod>2012-11-19T19:53:02+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/11/12/outsourcing-pension-costs-costa-mesa-hits-snag/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/11/righeimer1.jpg</image:loc><image:title>Righeimer1</image:title><image:caption>Costa Mesa Councilman Jim Righeimer&#13;
(OC Register photo by Rose Palmisano)</image:caption></image:image><lastmod>2012-11-28T14:50:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/10/29/san-bernardino-compton-stop-paying-calpers/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/sb24.jpg</image:loc><image:title>SB2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/sb23.jpg</image:loc><image:title>SB2</image:title><image:caption>San Bernardino pension costs soar</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/sb22.jpg</image:loc><image:title>SB2</image:title><image:caption>San Bernardino pension costs soar</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/sb21.jpg</image:loc><image:title>SB2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/sb2.jpg</image:loc><image:title>SB2</image:title></image:image><lastmod>2012-11-09T17:14:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/10/22/pension-debt-ticking-time-bomb-or-myth/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/cafr3.jpg</image:loc><image:title>CAFR3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/cafr25.jpg</image:loc><image:title>CAFR2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/cafr24.jpg</image:loc><image:title>CAFR2</image:title><image:caption>CalPERS 10-year performance (CAFR 30 Jun 11, p. 116)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/cafr23.jpg</image:loc><image:title>CAFR2</image:title><image:caption>CalPERS 10-year performance (CAFR 30 Jun 11, p. 116)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/cafr22.jpg</image:loc><image:title>CAFR2</image:title><image:caption>CalPERS 10-year performance (CAFR 30 Jun 11, p. 116)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/cafr21.jpg</image:loc><image:title>CAFR2</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/cafr2.jpg</image:loc><image:title>CAFR2</image:title><image:caption>CalPERS 10-year performance: CAFR 30 Jun11, p. 116</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/cafr11.jpg</image:loc><image:title>CAFR1</image:title><image:caption>CalPERS 10-year performance: CAFR 30 Jun 11, p. 116</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/10/cafr1.jpg</image:loc><image:title>CAFR1</image:title><image:caption>CalPERS 10-year performance: CAFR 30 June 11, p. 116</image:caption></image:image><lastmod>2012-10-25T18:55:28+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/10/15/judges-and-pensions-classic-conflict-of-interest/</loc><lastmod>2013-02-26T15:53:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/10/08/pension-reform-aims-to-hammer-down-spiking/</loc><lastmod>2012-10-12T16:52:22+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/10/01/big-city-pension-reform-san-diego-la-begin/</loc><lastmod>2012-10-07T00:33:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/09/24/stockton-bankruptcy-bond-insurers-vs-calpers-3/</loc><lastmod>2012-09-27T02:19:50+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/09/17/pension-reform-calstrs-gets-hope-csu-low-rate/</loc><lastmod>2012-09-17T08:34:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/09/10/pension-reform-third-of-state-workers-pay-more/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/contribution2.jpg</image:loc><image:title>Contribution2</image:title><image:caption>CalPERS chart shows state worker contribution increases</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/contribution-12.jpg</image:loc><image:title>Contribution 1</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/contribution-11.jpg</image:loc><image:title>Contribution 1</image:title><image:caption>CalPERS chart showing state worker contribution increases</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/contribution-1.jpg</image:loc><image:title>Contribution 1</image:title><image:caption>CalPERS chart showing state worker increases</image:caption></image:image><lastmod>2012-09-14T23:37:44+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/09/04/pension-reform-allows-cities-to-bypass-bargaining/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/city-71.jpg</image:loc><image:title>City 7</image:title><image:caption>League of Cities policy aligns with eight of 10 reforms</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/city-7.jpg</image:loc><image:title>City 7</image:title><image:caption>League of Cities policy aligns with eight of 10 reforms</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/city61.jpg</image:loc><image:title>City6</image:title><image:caption>League of Cities policy aligns with eight of 10 reforms</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/city6.jpg</image:loc><image:title>City6</image:title><image:caption>League of Cities policy aligns with eight of 10 reforms</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/city51.jpg</image:loc><image:title>City5</image:title><image:caption>League of Cities policy aligns with eight of 10 reforms</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/city5.jpg</image:loc><image:title>City5</image:title><image:caption>League of Cities policy aligns with eight of 10 reforms</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/city41.jpg</image:loc><image:title>City4</image:title><image:caption>League of Cities policy aligns with eight of 10 reforms</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/city4.jpg</image:loc><image:title>City4</image:title><image:caption>League of Cities policy aligns with eight of 10 reforms</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/city32.jpg</image:loc><image:title>City3</image:title><image:caption>League of Cities policy aligns with eight of 10 reforms</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/09/city31.jpg</image:loc><image:title>City3</image:title><image:caption>League of Cities policy aligns with eight of 10 reforms</image:caption></image:image><lastmod>2012-09-11T15:01:32+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/08/30/pension-reform-savings-40-billion-to-60-billion/</loc><lastmod>2012-09-04T21:26:27+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/08/27/former-la-mayor-pension-reform-or-disaster/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/08/holiday31.jpg</image:loc><image:title>Holiday3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/08/holiday3.jpg</image:loc><image:title>Holiday3</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/08/la-11x81.jpg</image:loc><image:title>LA 11X8</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/08/la-11x8.jpg</image:loc><image:title>LA 11X8</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/08/la-10x61.jpg</image:loc><image:title>LA 10X6</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/08/la-12x63.jpg</image:loc><image:title>LA 12X6</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/08/la-11x72.jpg</image:loc><image:title>LA 11X7</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/08/la-11x71.jpg</image:loc><image:title>LA 11X7</image:title><image:caption>Los Angeles retirement costs projected to soar</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/08/la-11x7.jpg</image:loc><image:title>LA 11X7</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/08/la-11x6.jpg</image:loc><image:title>LA 11X6</image:title></image:image><lastmod>2012-09-06T15:42:55+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/08/20/can-calpers-investments-do-well-by-doing-good/</loc><lastmod>2012-08-27T06:41:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/08/13/legal-pension-hikes-air-time-golden-handshake/</loc><lastmod>2012-08-21T22:46:48+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/08/06/city-bankruptcies-target-retiree-health-care-costs/</loc><lastmod>2012-09-17T13:13:46+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/07/30/are-public-pensions-following-irs-tax-delay-rules/</loc><lastmod>2012-08-05T21:21:48+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/07/23/stockton-plan-cuts-bond-payment-197-5-million/</loc><lastmod>2012-08-04T21:40:51+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/07/16/san-bernardino-bankruptcy-pensions-a-driver/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/07/penman-reuters1.jpg</image:loc><image:title>penman-reuters1</image:title><image:caption>City Attorney Jim Penman (Reuters photo)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/07/mayor-morris1.jpg</image:loc><image:title>Mayor Morris</image:title><image:caption>Mayor Pat Morris</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/07/penman-reuters.jpg</image:loc><image:title>penman-reuters</image:title><image:caption>San Bernardino City Attorney Jim Penman (Reuters photo)</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/07/mayor-morris.jpg</image:loc><image:title>mayor-morris</image:title><image:caption>San Bernardino Mayor Pat Morris</image:caption></image:image><lastmod>2012-07-23T21:20:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/07/09/moodys-estimate-triples-pension-debt-2-trillion/</loc><lastmod>2012-08-04T21:42:38+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/07/02/bond-insurer-may-contest-stockton-bankruptcy/</loc><lastmod>2012-10-13T05:40:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/06/21/cleanup-of-calpers-pay-to-play-scandal-lingers-on/</loc><lastmod>2012-06-21T07:02:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/06/14/irs-pension-snag-san-jose-joins-orange-county/</loc><lastmod>2012-06-19T15:41:37+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/06/11/san-jose-san-diego-pension-reforms-go-to-court/</loc><lastmod>2012-06-14T22:50:32+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/06/07/in-stockton-bankruptcy-pensions-may-not-be-cut/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/06/stockton-011.jpg</image:loc><image:title>Stockton 011</image:title><image:caption>Stockton City Council hears City Manager Bob Deis, right</image:caption></image:image><lastmod>2012-06-14T22:56:22+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/06/04/will-san-jose-san-diego-lead-pension-reform/</loc><lastmod>2012-06-07T23:44:12+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/05/29/gasb-pension-rules-sticker-shock-less-likely/</loc><lastmod>2012-08-23T14:03:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/05/21/calpers-looks-at-job-creating-infrastructure/</loc><lastmod>2012-05-22T18:50:26+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/05/17/calpers-ignores-brown-delays-pension-payment/</loc><lastmod>2012-08-14T21:33:20+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/05/14/ballot-box-pension-reform-wins-first-court-test/</loc><lastmod>2012-05-17T06:04:30+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/05/09/calpers-actuaries-state-rate-up-213m-to-3-7b/</loc><lastmod>2012-05-13T02:33:28+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/05/07/will-san-jose-san-diego-b-for-pension-reform/</loc><lastmod>2012-05-08T19:16:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/04/30/elected-official-pensions-target-for-reform/</loc><lastmod>2012-12-07T08:59:00+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/04/23/calstrs-on-the-road-to-ruin-or-recovery/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/04/cimg00092.jpg</image:loc><image:title>CIMG0009</image:title><image:caption>CalSTRS building in West Sacramento</image:caption></image:image><lastmod>2012-04-28T02:00:16+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/04/16/county-legacy-court-ordered-pension-spiking/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/04/cimg00091.jpg</image:loc><image:title>CIMG0009</image:title><image:caption>Committee co-chairs: Assemblyman Warren Furutani and Sen. Gloria Negrete McLeod</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/04/cimg0009.jpg</image:loc><image:title>CIMG0009</image:title><image:caption>Committee co-chairs, Assemblyman Warren Furutani and Sen. Gloria Negrete McLeod</image:caption></image:image><lastmod>2012-05-20T18:10:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/04/09/legislative-panel-working-on-hybrid-pension/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/04/006.jpg</image:loc><image:title>006</image:title><image:caption>Allen</image:caption></image:image><lastmod>2012-04-10T14:20:29+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/04/05/capping-big-pensions-how-much-is-too-much/</loc><lastmod>2015-05-01T14:05:29+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/03/29/century-old-calstrs-faces-lengthy-funding-gap/</loc><lastmod>2012-04-06T16:50:34+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/03/22/calpers-funding-level-how-low-can-it-go/</loc><lastmod>2012-03-28T15:27:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/03/19/calpers-earnings-lag-big-funds-changes-planned/</loc><lastmod>2012-03-23T14:27:59+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/03/15/calpers-smoothing-eases-employer-rate-shock/</loc><lastmod>2012-03-16T03:01:30+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/03/08/will-state-agencies-derail-local-pension-reforms/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg0012.jpg</image:loc><image:title>CIMG0012</image:title><image:caption>One of four new unopened libraries</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg0001.jpg</image:loc><image:title>CIMG0001</image:title><image:caption>New unopened $90 million police station</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg00234.jpg</image:loc><image:title>CIMG0023</image:title><image:caption>Mayor Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg00233.jpg</image:loc><image:title>CIMG0023</image:title><image:caption>Mayor Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg00232.jpg</image:loc><image:title>CIMG0023</image:title><image:caption>Mayor Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg00192.jpg</image:loc><image:title>CIMG0019</image:title><image:caption>Yolanda Cruz</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg00231.jpg</image:loc><image:title>CIMG0023</image:title><image:caption>Mayor Reed</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg00191.jpg</image:loc><image:title>CIMG0019</image:title><image:caption>Yolanda Cruz</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg0019.jpg</image:loc><image:title>CIMG0019</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg0023.jpg</image:loc><image:title>CIMG0023</image:title></image:image><lastmod>2012-03-16T19:04:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/03/01/stockton-work-month-get-lifetime-health-care/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg0012-11.jpg</image:loc><image:title>CIMG0012-1</image:title><image:caption>Old Stockton City Hall</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg00071.jpg</image:loc><image:title>CIMG0007</image:title><image:caption>New Stockton City Hall</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg0012-1.jpg</image:loc><image:title>CIMG0012-1</image:title><image:caption>Old Stockton City Hall</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg0007.jpg</image:loc><image:title>CIMG0007</image:title><image:caption>New Stockton City Hall</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg0032.jpg</image:loc><image:title>CIMG0032</image:title><image:caption>Dwane Milnes</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg0033.jpg</image:loc><image:title>CIMG0033</image:title><image:caption>Former city manager Dwane Milnes</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2012/03/cimg0024.jpg</image:loc><image:title>CIMG0024</image:title><image:caption>City manager Bob Dies</image:caption></image:image><lastmod>2012-03-09T00:24:24+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/02/21/proposed-budget-shows-lower-calpers-payment/</loc><lastmod>2012-02-29T20:20:58+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/02/13/state-pension-initiative-fails-local-votes-in-june/</loc><lastmod>2012-02-14T23:56:59+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/02/07/calstrs-funding-gap-widens-so-does-solution/</loc><lastmod>2012-02-14T16:02:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/01/30/pension-earnings-dip-amid-gloomy-forecasts/</loc><lastmod>2012-02-07T07:17:49+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/01/23/new-pension-forecasts-what-if-earnings-falter-3/</loc><lastmod>2012-03-25T17:04:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/01/16/pension-fund-big-earner-becomes-political-issue/</loc><lastmod>2012-01-20T01:01:27+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/01/09/calpers-role-in-preventing-vallejo-pension-cuts/</loc><lastmod>2012-03-11T15:43:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2012/01/03/pension-initiatives-could-costs-go-up-not-down/</loc><lastmod>2012-01-13T00:04:10+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/12/26/browns-hybrid-pension-new-trend-among-states/</loc><lastmod>2012-01-02T23:57:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/10/10/pension-reform-giving-workers-low-cost-option/</loc><lastmod>2011-12-25T22:36:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/12/19/outgoing-calpers-board-member-rips-earnings/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/12/wilshire2.jpg</image:loc><image:title>Wilshire2</image:title><image:caption>Wilshire shows CalPERS total fund lagging median</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/12/wilshire.jpg</image:loc><image:title>Wilshire</image:title><image:caption>Wilshire shows CalPERS total fund lagging median</image:caption></image:image><lastmod>2011-12-28T21:07:07+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/12/14/calpers-surprise-smaller-rate-hike-for-local-plans/</loc><lastmod>2011-12-19T18:28:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/12/12/bid-to-trim-pension-fails-7-7-million-settlement/</loc><lastmod>2011-12-17T00:05:37+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/12/08/pension-reform-does-san-jose-know-the-way/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/12/reed.jpg</image:loc><image:title>Reed</image:title><image:caption>Overflow room at San Jose city council meeting</image:caption></image:image><lastmod>2011-12-26T22:56:08+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/12/05/brown-pension-reform-local-workers-pay-more/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/12/normal.jpg</image:loc><image:title>Normal</image:title><image:caption>CalPERS pension facts: 'Public agency members' are local government</image:caption></image:image><lastmod>2011-12-08T18:31:27+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/10/05/pension-rules-shakeup-will-gasb-do-it-again/</loc><lastmod>2011-12-01T09:02:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/08/01/pension-sticker-shock-actuaries-say-maybe-not/</loc><lastmod>2011-12-01T09:00:17+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/10/17/calpers-calstrs-delay-new-accounting-rules/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/10/cimg0011.jpg</image:loc><image:title>CIMG0011</image:title><image:caption>CalSTRS officials Rick Reed, Robin Madsen and Art Martinez address GASB</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/10/cimg0009.jpg</image:loc><image:title>CIMG0009</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/10/cimg0008.jpg</image:loc><image:title>CIMG0008</image:title><image:caption>CalPERS chief actuary Alan Milligan addresses GASB</image:caption></image:image><lastmod>2011-12-01T08:58:28+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/12/01/two-named-to-calstrs-have-financial-expertise/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/11/image-41.jpg</image:loc><image:title>Image (4)</image:title><image:caption>Center for Retirement Research at Boston College</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/11/image-4.jpg</image:loc><image:title>Image (4)</image:title><image:caption>Center for Retirement Research at Boston College estimates</image:caption></image:image><lastmod>2011-12-05T05:42:18+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/11/28/court-strengthens-public-retiree-health-rights/</loc><lastmod>2011-12-29T07:59:13+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/11/21/pers-strs-report-corporate-political-funds/</loc><lastmod>2011-12-03T04:23:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/11/14/brown-pension-plan-no-early-employer-savings/</loc><lastmod>2011-11-28T06:44:37+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/09/06/calpers-a-112th-green-corporate-social-policy/</loc><lastmod>2011-11-20T06:16:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/11/10/pension-reform-rolls-at-polls-401k-test-looms/</loc><lastmod>2011-11-14T22:28:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/11/07/brown-pension-board-push-five-calstrs-openings/</loc><lastmod>2011-11-10T07:52:12+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/11/03/pension-initiative-faces-two-tests-funding-courts/</loc><lastmod>2011-11-08T08:02:50+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/11/01/study-needed-for-brown-hybrid-pension-plan/</loc><lastmod>2011-11-03T13:49:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/10/27/cities-repeal-landmark-pension-legislation/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/10/cimg00111.jpg</image:loc><image:title>CIMG0011</image:title><image:caption>Pension hearing in Carson City Council chambers.</image:caption></image:image><lastmod>2011-11-01T21:43:33+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/10/24/sf-ballot-measures-will-courts-revisit-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/10/ed21.jpg</image:loc><image:title>Ed2</image:title><image:caption>Ed Lee in campaign website photo</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/10/cimg00052.jpg</image:loc><image:title>CIMG0005</image:title><image:caption>Jeff Adachi at San Francisco State forum</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/10/ed2.jpg</image:loc><image:title>Ed2</image:title><image:caption>Ed Lee in campaign website photo</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/10/cimg00051.jpg</image:loc><image:title>CIMG0005</image:title><image:caption>Jeff Adachi at San Francisco State forum</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/10/cimg0005.jpg</image:loc><image:title>CIMG0005</image:title><image:caption>Jeff Adachi at San Francisco State forum</image:caption></image:image><lastmod>2011-11-04T20:57:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/10/20/calpers-calstrs-cracking-down-on-spiking/</loc><lastmod>2013-09-01T18:42:40+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/10/03/school-pensions-an-argument-for-not-bargaining/</loc><lastmod>2012-01-15T21:04:46+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/09/26/california-among-few-states-bargaining-pensions/</loc><lastmod>2011-12-12T17:28:20+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/09/19/counties-losing-fight-to-conceal-pension-amounts/</loc><lastmod>2011-09-25T19:48:51+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/09/15/csu-rate-splits-calpers-board-along-labor-lines/</loc><lastmod>2011-09-15T07:18:37+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/09/12/who-pays-calstrs-debt-state-schools-teachers/</loc><lastmod>2015-07-13T05:32:37+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/08/29/pension-reform-easier-said-than-done/</loc><lastmod>2011-09-12T04:35:40+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/08/22/calpers-boosts-cost-of-terminating-pension-plans/</loc><lastmod>2011-08-31T00:46:54+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/08/15/league-of-cities-cut-current-worker-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/ware-council.jpg</image:loc><image:title>Ware-Council</image:title><image:caption>CalPERS actuary Barbara Ware briefs Healdsburg City Council</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/hr21.jpg</image:loc><image:title>HR2</image:title><image:caption>CalPERS chart showing Healdsburg rate history</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/hr2.jpg</image:loc><image:title>HR2</image:title><image:caption>CalPERS chart showing Healdsburg rate history</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/healdsburg-011.jpg</image:loc><image:title>Healdsburg 011</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/healdsburg-0062.jpg</image:loc><image:title>Healdsburg 006</image:title><image:caption>CalPERS actuary Barbara Ware briefs Healdsburg City Council</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/healdsburg-0061.jpg</image:loc><image:title>Healdsburg 006</image:title><image:caption>XXXXXXXX</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/healdsburg-005.jpg</image:loc><image:title>Healdsburg 005</image:title><image:caption>CalPERS actuary Barbara Ware briefs Healdsburg City Council</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/healdsburg-008.jpg</image:loc><image:title>Healdsburg 008</image:title><image:caption>CalPERS actuary Barbara Ware briefs Healdsburg Council</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/healdsburg-006.jpg</image:loc><image:title>Healdsburg 006</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/collages11.jpg</image:loc><image:title>Collages1</image:title><image:caption>CalPERS actuary Barbara Ware briefs Healdsburg City Council</image:caption></image:image><lastmod>2011-09-28T16:46:44+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/08/08/vallejo-exits-bankruptcy-paying-more-for-pensions/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/vallejo1.jpg</image:loc><image:title>Vallejo</image:title><image:caption>From 2011-12 Vallejo recommended budget, p. J-30</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/08/vallejo.jpg</image:loc><image:title>Vallejo police and fire costs</image:title></image:image><lastmod>2014-04-29T23:55:18+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/07/25/will-ballot-measures-test-vested-pension-rights/</loc><lastmod>2011-07-29T20:51:02+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/07/19/calstrs-wants-no-change-in-anti-spiking-bill/</loc><lastmod>2011-07-23T18:01:11+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/07/13/calstrs-7-billion-reserve-for-246-million-tab/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/07/sbma21.jpg</image:loc><image:title>SBMA2</image:title><image:caption>CalSTRS Purchasing Power Report, April 2011, p. 15</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/07/sbma2.jpg</image:loc><image:title>SBMA2</image:title><image:caption>Test</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/07/sbma3.jpeg</image:loc><image:title>SBMA</image:title><image:caption>Test</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/07/sbma2.jpeg</image:loc><image:title>SBMA</image:title><image:caption>Test</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/07/sbma1.jpeg</image:loc><image:title>SBMA</image:title></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/07/sbma.jpeg</image:loc><image:title>SBMA</image:title><image:caption>SBMA Reserve</image:caption></image:image><lastmod>2014-03-24T21:33:30+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/07/05/public-employee-unions-push-bargaining-bills/</loc><lastmod>2011-07-09T08:02:58+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/06/27/public-pension-debt-how-big-is-it/</loc><lastmod>2011-07-02T04:12:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/06/20/pension-reform-will-brown-make-gop-an-offer/</loc><lastmod>2011-07-02T22:49:09+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/06/13/outsource-jobs-new-way-to-cut-pension-costs/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/06/hm-bay-044.jpg</image:loc><image:title>HM Bay 044</image:title><image:caption>Sheriff's Lt. Lisa Williams addresses Half Moon Bay Council</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/06/hm-bay-032.jpg</image:loc><image:title>HM Bay 032</image:title><image:caption>Surfers catch wave on Half Moon Bay</image:caption></image:image><lastmod>2011-06-18T02:12:25+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/06/06/calstrs-surprise-its-a-pension401k-hybrid/</loc><lastmod>2011-07-22T07:20:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/05/20/pensions-take-more-state-pay-but-not-at-csu/</loc><lastmod>2011-05-31T07:50:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/05/31/pension-reform-bargaining-table-or-ballot-box/</loc><lastmod>2011-09-20T22:25:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/05/24/brown-seeks-hybrid-pension401k-reform-plan/</loc><lastmod>2011-05-28T14:56:29+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/05/16/pension-reform-legislation-splits-along-party-lines/</loc><lastmod>2011-08-14T07:02:55+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/05/11/labor-agreements-cut-state-calpers-rate-again/</loc><lastmod>2011-06-23T16:07:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/05/09/retiree-health-san-diego-cuts-big-deal/</loc><lastmod>2011-05-09T22:04:04+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/04/07/san-diego-pension-reform-model-for-state/</loc><lastmod>2011-05-09T02:58:39+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/05/05/public-vs-private-pension-study-the-gap-widens/</loc><lastmod>2012-06-18T18:18:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/04/28/will-pension-funds-unite-to-invest-in-job-creation/</loc><lastmod>2011-05-02T00:21:38+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/04/22/court-rejects-retro-pension-cut-whats-next/</loc><lastmod>2011-06-23T16:12:17+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/04/15/for-pension-funds-reform-does-not-begin-at-home/</loc><lastmod>2011-04-18T21:36:29+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/03/31/calstrs-funding-up-a-bit-rate-hike-still-needed/</loc><lastmod>2011-04-21T14:02:48+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/03/28/new-pension-reform-issue-board-makeup/</loc><lastmod>2011-03-28T17:03:47+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/03/22/calpers-corruption-the-cabal-and-the-culture/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/03/carlson-048.jpg</image:loc><image:title>Carlson 048</image:title><image:caption>Carlson auditorium</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/03/buenrostro.jpg</image:loc><image:title>Photo: Fred Buenrostro</image:title><image:caption>Fred Buenrostro</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/03/villalobos2.jpg</image:loc><image:title>Villalobos2</image:title><image:caption>Alfred Villalobos</image:caption></image:image><lastmod>2011-05-04T19:45:33+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/03/18/pension-funding-rules-how-far-can-they-stretch/</loc><lastmod>2011-07-27T08:26:53+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/03/10/new-calpers-earnings-forecast-would-raise-rates-2/</loc><lastmod>2011-05-02T22:08:49+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/03/14/pension-focus-shifts-hybrid-caps-and-the-big-one/</loc><lastmod>2011-04-08T19:56:28+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/02/25/new-criticism-of-calpers-rate-hike-too-small/</loc><lastmod>2011-03-11T21:21:15+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/03/07/budget-busting-pensions-spark-ballot-measures/</loc><lastmod>2011-05-11T20:47:25+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/07/01/pension-crisis-did-prop-21-pave-the-way/</loc><lastmod>2011-03-05T19:06:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/03/04/calpers-calstrs-on-pension-reform-think-long/</loc><lastmod>2011-03-18T17:51:13+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/02/28/what-crisis-nearly-200-agencies-raise-pensions/</loc><lastmod>2011-03-01T17:51:03+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/02/21/pension-debt-bill-new-drive-toward-401ks/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/02/boot-001.jpg</image:loc><image:title>Boot 001</image:title><image:caption>Rep. Nunes speaks to pension "boot camp"</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/02/boot-002.jpg</image:loc><image:title>Boot 002</image:title><image:caption>Rep. Nunes speaks to pension boot camp</image:caption></image:image><lastmod>2011-02-24T18:59:32+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/02/16/legality-of-calstrs-medicare-payment-questioned/</loc><lastmod>2016-01-09T18:35:23+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/02/11/lao-recommends-sweeping-state-pension-reform/</loc><lastmod>2011-02-14T23:34:47+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/07/31/pension-reform-brown-picks-up-where-he-left-off/</loc><lastmod>2011-02-08T07:52:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/02/04/pension-reform-brown-proposed-most-options/</loc><lastmod>2011-02-08T06:54:47+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/01/31/moodys-begins-treating-pensions-like-bond-debt/</loc><lastmod>2011-04-13T01:38:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/01/24/public-employees-the-new-welfare-queens/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/01/monterey-010.jpg</image:loc><image:title>Monterey 010</image:title><image:caption>CalPERS met at Monterey Best Western</image:caption></image:image><lastmod>2013-05-10T02:02:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/01/10/state-pension-funds-what-went-wrong-2/</loc><lastmod>2011-01-18T08:08:42+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2011/01/18/calpers-computer-system-over-budget-late/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2011/01/accenture-003.jpg</image:loc><image:title>Accenture 003</image:title><image:caption>Accenture office and the nearby CalPERS complex</image:caption></image:image><lastmod>2013-02-22T21:30:43+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/12/20/uc-pensions-did-regents-solve-the-problem/</loc><lastmod>2010-12-31T06:24:25+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/12/16/calpers-state-rate-hike-cut-by-200-million/</loc><lastmod>2010-12-17T05:41:26+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/12/13/brown-and-pensions-from-budget-relief-to-threat/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/12/strs-002.jpg</image:loc><image:title>STRS 002</image:title><image:caption>New CalSTRS building in West Sacramento</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/12/calpers2.jpg</image:loc><image:title>CalPERS2</image:title><image:caption>CalPERS complex straddles Q Street in Sacramento</image:caption></image:image><lastmod>2011-08-08T18:12:50+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/12/07/public-pensions-new-moves-to-shift-or-cut-costs/</loc><lastmod>2011-08-08T18:13:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/12/03/calstrs-funding-gap-grows-new-earning-forecast/</loc><lastmod>2010-12-06T21:04:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/11/29/uc-pensions-from-free-lunch-to-years-of-pain/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/11/regents-008.jpg</image:loc><image:title>Regents 008</image:title><image:caption>UC Regents meet in San Francisco this month</image:caption></image:image><lastmod>2010-11-30T05:10:17+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/11/22/pension-reform-new-wave-of-proposals/</loc><lastmod>2011-08-08T18:16:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/11/18/legislative-analyst-calpers-state-rate-wont-soar/</loc><lastmod>2010-11-19T17:48:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/11/15/calstrs-calpers-pressure-hilton-in-labor-dispute/</loc><lastmod>2010-11-15T10:02:13+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/11/11/calpers-local-rate-up-55-over-next-three-years/</loc><lastmod>2011-08-08T18:17:06+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/11/08/calstrs-to-webcast-board-will-calpers-follow/</loc><lastmod>2010-11-08T15:51:16+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/11/04/pension-reforms-sweep-except-san-francisco/</loc><lastmod>2011-08-08T18:18:58+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/11/01/vallejo-plans-to-exit-bankruptcy-by-next-fall/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/11/vallejo-002.jpg</image:loc><image:title>Vallejo 002</image:title><image:caption>Vallejo finance director Rob Stout briefs workshop</image:caption></image:image><lastmod>2010-11-01T18:24:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/10/28/pension-reform-holdouts-wait-for-next-governor/</loc><lastmod>2010-10-29T17:08:06+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/10/25/calpers-cant-do-reporting-reform-lacks-staff/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/10/long-beach-0111.jpg</image:loc><image:title>Long Beach 011</image:title><image:caption>CalPERS board meeting at Long Beach</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/10/long-beach-011.jpg</image:loc><image:title>Long Beach 011</image:title><image:caption>CalPERS board meeting at Long Beach</image:caption></image:image><lastmod>2010-11-09T19:09:12+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/10/17/arnold-republicans-sold-out-on-pension-reform/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/10/gasb-002.jpg</image:loc><image:title>GASB 002</image:title><image:caption>GASB hearing in San Francisco</image:caption></image:image><lastmod>2010-10-27T19:42:42+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/01/19/calpers-calstrs-new-sheriff-on-wall-street/</loc><lastmod>2010-10-13T08:36:17+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/02/12/calstrs-more-women-on-corporate-boards/</loc><lastmod>2010-10-13T08:35:40+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/03/31/calpers-calstrs-on-to-regulatory-reform/</loc><lastmod>2010-10-13T08:34:40+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/09/14/calpers-calstrs-beyond-male-pale-stale/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/09/cimg02372.jpg</image:loc><image:title>CIMG0237</image:title><image:caption>Stanford conference on corporate board diversity</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/09/cimg02371.jpg</image:loc><image:title>CIMG0237</image:title><image:caption>Staford conference on corporate board diversity</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/09/cimg0237.jpg</image:loc><image:title>CIMG0237</image:title><image:caption>Panel at Stanford conference on corporate board diversity</image:caption></image:image><lastmod>2010-10-13T08:33:32+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/10/05/pensions-post-crash-reforms-slipping-away/</loc><lastmod>2010-10-13T08:32:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/08/04/pension-funds-more-clout-on-corporate-boards/</loc><lastmod>2010-12-09T21:31:07+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/10/13/pension-fund-socialism-class-clash-evolves/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/10/icgn-001.jpg</image:loc><image:title>ICGN 001</image:title><image:caption>Macdonald addresses ICGN 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Crane</image:title><image:caption>David Crane</image:caption></image:image><lastmod>2010-08-11T06:27:10+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/06/18/calpers-state-rate-up-18-how-high-will-it-go/</loc><lastmod>2010-08-11T06:26:06+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/05/24/state-pension-costs-pay-now-or-pay-later/</loc><lastmod>2010-08-11T06:24:49+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/05/12/state-calpers-cost-3-9-billion-up-600-million/</loc><lastmod>2010-08-11T06:23:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/12/17/calpers-avoids-giving-state-1-billion-rate-shock/</loc><lastmod>2010-08-11T06:22:18+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/11/22/calpers-rate-hike-delayed-a-year/</loc><lastmod>2011-05-27T11:44:40+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/06/18/calpers-softens-hit-on-local-governments/</loc><lastmod>2010-08-11T06:20:14+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/05/14/calpers-smoothing-costs-not-cutting-benefits/</loc><lastmod>2010-08-11T06:18:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/05/10/state-calpers-payment-up-262-million/</loc><lastmod>2010-08-11T06:17:53+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/02/09/state-retirement-costs-may-skyrocket/</loc><lastmod>2010-08-11T06:16:38+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/07/22/pensions-the-good-the-bad-and-california/</loc><lastmod>2010-08-11T06:14:25+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/01/29/calpers-calstrs-funding-levels-plunge/</loc><lastmod>2011-04-30T16:03:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/05/24/using-pension-funds-to-shrink-the-budget-gap/</loc><lastmod>2010-08-11T06:09:33+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/04/04/a-kinder-gentler-raid-on-calpers-funds/</loc><lastmod>2010-08-11T06:07:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/03/13/post-crash-pension-fund-plans/</loc><lastmod>2010-08-11T06:06:44+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/07/27/sb400-pension-boost-uncanny-forecast-unheeded/</loc><lastmod>2010-10-10T16:22:37+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/07/16/pension-reform-can-arnold-lift-sb-400/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/07/chart5.jpg</image:loc><image:title>Chart5</image:title><image:caption>Chart from CalPERS board May agenda</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/07/chart2.jpg</image:loc><image:title>Chart2</image:title><image:caption>CalPERS chart from May board agenda</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2010/07/chart.jpg</image:loc><image:title>Chart</image:title><image:caption>CalPERS chart from May board agenda</image:caption></image:image><lastmod>2010-11-03T15:44:44+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/12/08/retirement-benefits-calpers-changing-role/</loc><lastmod>2011-10-06T10:59:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/10/12/calpers-pushed-hikes-now-called-unsustainable/</loc><lastmod>2010-08-11T05:51:19+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/04/30/how-calpers-bet-big-on-real-estate-and-lost/</loc><lastmod>2011-11-17T23:58:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/03/12/calpers-calstrs-still-down-100-billion/</loc><lastmod>2011-09-13T06:40:43+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/12/21/calpers-earnings-fall-behind-other-pension-funds-2/</loc><lastmod>2010-08-11T05:45:20+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/11/25/calpers-lost-1-billion-on-blind-purchase/</loc><lastmod>2010-08-11T05:44:12+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/08/20/calpers-calstrs-report-lending-losses/</loc><lastmod>2010-08-11T05:43:03+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/03/20/calpers-lost-decade-from-boom-to-bust/</loc><lastmod>2010-10-15T15:44:08+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/02/02/calpers-pushing-out-the-poor/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/02/cimg0161.jpg</image:loc><image:title>cimg0161</image:title><image:caption>Gaye Mitcham's bath tub</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/02/cimg0156.jpg</image:loc><image:title>cimg0156</image:title><image:caption>Buckled balcony</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/02/cimg0151.jpg</image:loc><image:title>cimg0151</image:title><image:caption>Remodeled 60-unit apartment</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/02/cimg01481.jpg</image:loc><image:title>cimg01481</image:title><image:caption>New apartment fence</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/02/cimg0148.jpg</image:loc><image:title>cimg0148</image:title><image:caption>New apartment fence</image:caption></image:image><lastmod>2010-08-11T05:39:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/04/17/one-way-public-pensions-come-up-short/</loc><lastmod>2010-08-11T05:34:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/04/12/pension-problems-does-the-public-need-to-know/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/04/cimg0194.jpg</image:loc><image:title>cimg0194</image:title><image:caption>Main CalPERS entrance</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/04/cimg0175.jpg</image:loc><image:title>cimg0175</image:title><image:caption>New CalSTRS building</image:caption></image:image><lastmod>2013-04-26T01:49:50+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/06/01/why-dont-more-state-workers-choose-calpers/</loc><lastmod>2015-07-09T01:18:48+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/06/22/calpers-would-aiding-labor-hurt-profits/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/06/205.jpg</image:loc><image:title>205</image:title><image:caption>Stalled CalPERS Capitol Mall project</image:caption></image:image><lastmod>2010-08-11T05:26:30+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/09/24/calpers-counters-attacks-as-initiative-looms/</loc><lastmod>2010-08-19T18:57:16+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/02/24/calpers-unplugged-controllers-computer-snafu/</loc><lastmod>2011-04-04T20:19:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/01/22/calpers-hits-the-road/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/01/cimg01441.jpg</image:loc><image:title>cimg01441</image:title><image:caption>Petaluma Sheraton</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/01/cimg0144.jpg</image:loc><image:title>cimg0144</image:title></image:image><lastmod>2010-08-11T05:19:52+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/03/23/calpers-election-cost-3-1-million-15-7-turnout/</loc><lastmod>2011-08-08T21:53:40+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/12/12/calpers-winner-wants-investment-change/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/12/cimg00241.jpg</image:loc><image:title>CIMG0024</image:title><image:caption>Cathy Hackett watches vote count</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/12/cimg00082.jpg</image:loc><image:title>CIMG0008</image:title><image:caption>Counting runoff votes</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/12/cimg00081.jpg</image:loc><image:title>CIMG0008</image:title><image:caption>Counting runoff votes</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/12/cimg0042.jpg</image:loc><image:title>CIMG0042</image:title><image:caption>J.J. Jelincic and son, J.J. III, enjoy victory</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/12/cimg0024.jpg</image:loc><image:title>CIMG0024</image:title><image:caption>Cathy Hackett watches count</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/12/cimg0008.jpg</image:loc><image:title>CIMG0008</image:title><image:caption>Counting runoff votes</image:caption></image:image><lastmod>2012-02-29T00:30:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/09/28/calpers-board-seat-seiu-seeks-three-in-a-row/</loc><lastmod>2010-08-11T05:14:35+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/04/30/labor-tangles-in-race-for-calpers-seat/</loc><lastmod>2012-07-01T01:52:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2010/03/09/deals-raised-calstrs-pensions-cut-state-costs/</loc><lastmod>2010-12-20T21:22:18+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/09/08/hit-by-big-losses-calstrs-looks-at-pay-policy/</loc><lastmod>2010-08-11T03:46:29+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/08/13/new-calstrs-building-bittersweet-beginning/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/08/cimg0218.jpg</image:loc><image:title>CIMG0218</image:title><image:caption>New CalSTRS building</image:caption></image:image><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/08/cimg0215.jpg</image:loc><image:title>CIMG0215</image:title><image:caption>New CalSTRS board room</image:caption></image:image><lastmod>2010-08-11T03:45:02+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/06/25/social-securitys-massive-rip-off/</loc><lastmod>2019-07-24T17:12:20+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>https://calpensions.com/2009/06/08/calstrs-the-fighting-fiduciaries/</loc><image:image><image:loc>https://calpensions.com/wp-content/uploads/2009/06/fr-chart.jpg</image:loc><image:title>CalSTRS funded ratio</image:title><image:caption>CalSTRS funding history shown in valuation report, June 30, 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