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On April 1, 1878, the California Office of the Commissioner of Transportation was created. [3] During the 19th century, public concerns over the unbridled power of the Southern Pacific Railroad grew to the point that a three-member Railroad Commission was established, primarily to approve transportation prices. [4]
CalPERS manages the largest public pension fund in the United States, with more than $469 billion in assets under management as of June 30, 2021. [7] CalPERS is known for its shareholder activism; stocks placed on its "Focus List" may perform better than other stocks, which has given rise to the term "CalPERS effect". [8]
In 2008, the company began construction of the CenterPoint Intermodal Center, a 3,600 acre facility that cost $1.26 billion and opened in 2010. [10] The company also began construction of the CenterPoint-KCS Intermodal Center in partnership with Kansas City Southern Railroad at the former Richards-Gebaur Air Force Base. [11]
CalPERS then transferred the property to a Los Angeles-based developer, CIM Group, and developed several plans for the site including a 33-story, $550 million tower that would have been the city ...
CalPERS also is applying the new definition of limited duration to out-of-class assignments, in which employees temporarily fill higher-paid roles and may receive larger pensions as a result.
PTSC allows former LACTC employees to participate in CalPERS and opt out of Social Security, and permits Metro planning employees to do planning for other agencies, which Metro currently does for Metrolink. Some union members have argued that PTSC is a "sham corporation" designed eventually to outsource Metro jobs. [4]
The OC Fair & Event Center (OCFEC) is a 150-acre (0.61 km 2) event venue in Costa Mesa, California. The site hosts over 150 events attracting 4.3 million visitors annually, and is home to the Orange County Fair , Centennial Farm, Costa Mesa Speedway , and Pacific Amphitheatre .
The CalEPA Unified Program coordinates, and makes consistent the administrative requirements, permits, inspections, and enforcement activities of six environmental and emergency response programs. The state agencies responsible for these programs set the standards for their program while local governments implement the standards.