Pension Reform

Absurd Prop 2 provision shows extent of teacher unions’ clout

Wednesday, September 17th, 2014
cta.in.charge

If you want an example of just how powerful the teachers unions are in Sacramento, consider Proposition 2. The measure was placed on the November ballot by the Legislature at the urging of Gov. Jerry Brown, who depicts it with about 70 percent persuasiveness as establishing the sort of rainy-day fun...

Chamber of Commerce touts pension reform, backs pension arsonist

Tuesday, September 16th, 2014
USChamber

The U.S. Chamber of Commerce stunned a lot of people last month when it endorsed Democrat incumbent Scott Peters over Republican challenger Carl DeMaio in the 52nd congressional district race in an affluent swath of San Diego and its northeastern suburbs. Peters may be a relatively moderate Democrat...

Controller: No CalPERS controls on pension spiking

Saturday, September 13th, 2014

With the state facing $500 billion in unfunded pension liabilities, you might think the state's pension funds would do everything they could to make sure the liabilities would not go even higher. To quote the late John Belushi, But nooooooooooooooooooooooooooooooooo. Controller John Chiang just i...

Super PAC $ floods Peters vs. DeMaio congressional race

Friday, September 12th, 2014
Congressman.Scott_.Peters

San Diego residents can't watch a major sporting event without seeing repeated ads paid for by national super PACs trashing congressman Scott Peters, a moderate Democrat, or his Republican opponent, former City Councilman Carl DeMaio, an outspoken libertarian. The flood began in August and seems lik...

CalSTRS shows how to cut debt

Tuesday, September 9th, 2014

It turns out public pension debt can be reduced. And the California State Teachers' Retirement System is showing how. CalPensions reports: CalSTRS was bracing to report the nation’s biggest pension debt under new government accounting rules that take effect this fiscal year — $167 billion, an a...

In debate gaffe, Jerry Brown channels Gerald Ford

Saturday, September 6th, 2014
carter_ford_debate

The Sacramento press corps has been acting bored with the governor's race ever since the spectacle of Tim Donnelly as the GOP nominee faded away. So now we have a debate in which Jerry Brown makes a debate gaffe as dumb as President Gerald Ford's 1976 claim that Eastern Europe wasn't dominated by th...

Debate: Brown offers up whopper, claims he’s stopped pension spiking

Thursday, September 4th, 2014

Questioner asks how state can pay for bullet train given House opposition to any further federal funding. Brown ducks question with broad defense of project. "This train makes a lot of sense," it's not "crazy," as Kashkari says. Kashkari: "He's raising your gas prices to fund his vanity projec...

Is Gov. Brown disinterested in pension reform?

Wednesday, August 20th, 2014

Later today, the governing board of the California Public Employees' Retirement System is expected to pass rules giving state employees 99 ways to spike their "pensionable pay." Gov. Jerry Brown only objected to one of the 99 bonuses. This is the same governor who billed his 2012 pension reform l...

Moody’s raises questions about teacher pension funding fix

Friday, August 15th, 2014
moodys

Soon after the CalSTRS funding fix crafted by the Legislature and Gov. Jerry Brown took effect on July 1, Moody's Investors Service raised CalSTRS' bond issuer rating. But six weeks later, Moody's has put out another release that examines how much strain the law meant to stabilize funding for Ca...

Petty corruption all too common at CA special districts

Tuesday, August 12th, 2014
corrupt

The California government agencies that provide water, sewage, trash and other special services are often oblivious to ethical norms and tone-deaf to how their actions look to the outside world. Part of it may be these agencies don't get the same scrutiny as City Councils and county Boards of Sup...