Pension Reform

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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% 73

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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Absurd Prop 2 provision shows extent of teacher unions’ clout

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

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Chamber of Commerce touts pension reform, backs pension arsonist

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

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Controller: No CalPERS controls on pension spiking 65

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.

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