Pension Reform

Upbeat LAO report lacks key focus: CalSTRS bailout cost

Friday, November 21st, 2014

The Legislative Analyst's Office released an analysis of state revenue this week that suggests the state won't suffer when temporary tax hikes expire. This is from AP: SACRAMENTO -- A steadily improving economy will buffer California's budget from a drop in revenue expected when temporary tax hikes...

2014’s low turnout eases path for 2016 tenure, pension ballot measures

Tuesday, November 18th, 2014
ballot-measure

Rick Claussen, Ned Wigglesworth, and Aaron McLear of the Redwood Pacific consulting group have released an interesting memo that is good news for those considering taking on public employee unions in 2016 with ballot measures putting limits on government pensions or scrapping state laws allowing tea...

Modest-seeming CalSTRS pension estimate lacks key context

Tuesday, November 11th, 2014

The California Teachers Association and the California Federation of Teachers do a good job of promoting the narrative that state teacher pensions are very modest at best. It's true that there aren't the same type of outrageous stories that we see in local and state government about police chiefs,...

BK judge slams taxpayers on Stockton pensions

Sunday, November 2nd, 2014
Lifestyles_of_the_Rich_&_Famous

In boon to public pensioners and a shock to taxpayers throughout California, federal Judge Christopher M. Klein approved a bankruptcy plan to put Stockton city retirees at the top of the heap. That means taxpayers are at the bottom. Also stiffed will be bondholders. That puts at risk other munic...

CalPERS’ $100K club increases 900%

Wednesday, October 22nd, 2014

Let the good times roll! for those getting pensions from the California Public Employees Retirement System, anyway. The Register reported: Back in 2005, some 1,841 retirees pulled down more than $100,000 a year in pension checks from the California Public Employees’ Retirement System. By 200...

Longevity increases pension problems

Monday, October 13th, 2014

To the consternation of government pension planners, Americans just keep living longer. AP reported: NEW YORK (AP) — Americans are living longer than ever before, according to a new government report filled mostly with good news. U.S. life expectancy inched up again and death rates fell. Rates a...

Post-Stockton, Democrat job-retention myth certain to be exposed

Friday, October 3rd, 2014
job.retention

Both parties have bogus canards that they trot out when convenient. The worst example of this among Republicans is the idea that tax cuts always pay for themselves -- that they lead to higher revenue. It could well be true for capital gains taxes and any other taxes that discourage investment or rei...

Stockton ruling, like Vergara ruling, shakes CA status quo

Thursday, October 2nd, 2014
union-corruption

Californians who think the state status quo is nuts and that public employees amount to a protected class of citizens have gotten unexpected help this year from the state and federal courts. First came Los Angeles Superior Court Judge Rolf True's ruling that teacher tenure laws are unconstitution...

San Jose fire union’s dire claims demolished by 10,000 LAFD job-seekers

Thursday, September 25th, 2014
san.jose.fd

The Rough & Tumble news aggregation website had an unusually helpful juxtaposition of two California news stories on Wednesday. R&T linked to a Mercury-News story detailing how San Jose had finally been given a court's clearance to implement a pension plan in which newly hired firefighters g...

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...