Pension Reform

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CalPERS retirees soon to surpass workers 30

Outgoing San Jose Mayor Chuck Reed, the Democratic pension reformer, has a great joke. He says that, soon, his city will have a single employee; whose only job will be to mail pension checks to retirees. CalPERS is gettin’ there.

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Upbeat LAO report lacks key focus: CalSTRS bailout cost 1

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

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

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

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Modest-seeming CalSTRS pension estimate lacks key context 10

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

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BK judge slams taxpayers on Stockton pensions

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

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CalPERS’ $100K club increases 900% 74

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

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Longevity increases pension problems 44

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

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

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

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Stockton ruling, like Vergara ruling, shakes CA status quo

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

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

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

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