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CalPERS Stays the Course in Market Storm...

The news in the financial markets can be alarming for our members, but it is important for you to know that the current credit crisis does not directly affect your CalPERS retirement benefits, which are securely protected by law, or CalPERS' ability to pay benefits.

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Labor union challenges Schwarzenegger layoff order

California's largest state employees union (SEIU) filed a lawsuit Friday to block Gov. Arnold Schwarzenegger's executive order forcing layoffs for thousands of employees.

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Wal-Mart denies that it told employees how to vote

Wal-Mart Stores Inc., the world's largest retailer, denied a report Friday that it had pressured employees to vote against Democrats in November because of worries that a bill (the Employee Free Choice Act) the party supports would make it easier for workers to unionize.

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Extended Unemployment Insurance (UI) Benefits

The state Employment Development Department (EDD) is moving quickly to ensure that workers who are struggling to find jobs in the slowing economy promptly receive the extended unemployment insurance (UI) benefits authorized by Congress and President Bush.

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