A former CalPERS employee stole about $685,000 from 10 retirees who weren’t able to manage their own retirement accounts, according to a civil lawsuit the retirement system filed Friday.

CalPERS provides health insurance for more than 1.5 million people, including roughly 770,000 state and local public employees and retirees, as well as about 770,000 dependents.

CalPERS is doubling down on its climate-focused strategy. ... Best High-Yield Savings Accounts Of September 2023. By Kevin Payne, Contributor. Best 5% Interest Savings Accounts of September 2023.

CalPERS members can email questions about the breach to [email protected] or call 833-919-4735 Monday through Friday from 6 a.m. to 8 p.m. or Saturday and Sunday from 8 a.m. to 5 p.m.

CalPERS also failed to beat the S&P 500, which delivered a 9.7% return over the same period. This return underperformance holds true when looking at the past 5-, 10- and 15-year periods.

A former CalPERS employee stole about $685,000 from 10 retirees who weren’t able to manage their own retirement accounts, according to a civil lawsuit the retirement system filed Friday. CalPERS ...