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RPEA Bills in Legislature

“Assemblyman Jim Cooper is carrying two RPEA sponsored bills in the legislature for RPEA. AB2378 would allow CalPERS to add to the existing death benefit an annual increase based on the California Urban Consumer Price Index (CPI). AB3359 would allow the California Urban Consumer Price Index to be used in calculating the annual Cost-0f-Living-Allowance (COLA) most of us see every May - this is a better measure of CPI in California. We will keep you apprised of the progress of these bills. We hope to interject two other matters into the legislative process this year as well. Great thanks to our Legislative Committee and Aaron Read and Pat Moran, our lobbyists, and especially Assemblyman Jim Cooper.”

Al Darby
President

Two RPEA Sponsored Bills

“Assemblyman Jim Cooper is carrying two RPEA sponsored bills in the legislature for RPEA.  One raises the CalPERS Death Benefit to $5,000 and the other one calls for the  ‘CA Index’ to be the Cost Of Living Allowance (COLA) determiner.  We will keep you apprised of the progress of these bills.  We hope to interject two other matters into the legislative process this year as well.  Great thanks to our Legislative Committee and Aaron Read and Pat Moran, our lobbyists, and especially Assemblyman Jim Cooper.”

Al Darby

President

Breaking News: "Answer to CalPERS China Investment Questions"

"China investments by CalPERS have been in the news lately and it is suggested that this is somehow supporting Chinese military objectives and this is not in the best interest of the U.S.  The truth is that CalPERS investments in China have actually been declining in recent years and now stands at 1% of its stock portfolio or about $2 billion.  These claims in certain news outlets that CalPERS is contributing to Chinese theft of U.S. intellectual property are probably largely inaccurate.  U.S. companies with factories in China are more likely to be inadvertently giving up more intellectual property than CalPERS ever could through its stock holdings in China.  Most pension funds around the country are invested in China along with CalPERS."  

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