Rating agency Moody’s Corp. agreed Friday to pay $864 million to 22 states and the federal government for inflating its ratings on residential mortgage-backed securities,
Tag: CalPERS
X-CalPERS CEO Guilty in Bribery Conspiracy
The former CEO of the country’s largest public employee pension fund pleaded guilty Friday to taking bribes to influence investment in the CalPERS pension program.
Stockton Bankruptcy Deal to Save Pensions
The bankrupt city of Stockton may avoid a constitutional confrontation over the legality of imposed pension cuts as a way to resolve its insolvency. The
Pension Credit Dispute Resolved
Although a husband’s payment for state pension credit for premarital military service came from community property assets, he is not required to share the pension
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