Tag "Chuck Reed"

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Retirement will be painful for most

In an excellent column in the U-T San Diego, Dan McSwain paints a grim retirement picture for almost everybody: For most Americans, it’s tempting to live in denial or outright fantasyland when it comes to paying for retirement. That’s because

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Pension reformer Chuck Reed will fight on 28

San Jose is in the center of the world’s economic pulse, Silicon Valley. By all rights, its city treasury ought to be overflowing with digital wealth. Instead it has flirted with bankruptcy because of its burgeoning pension problem — a problem

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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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San Jose Mayor Reed folds on pension initiative 57

In a disappointing indicator of the challenges facing public pension reform, outgoing San Jose Mayor Chuck Reed has shelved his statewide ballot initiative designed to address the problem. The mayor blames a time crunch and unappealing language used in Attorney

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Pension reform waits till 2016 34

The pension reform of San Jose mayor Chuck Reed, a Democrat, is going to have to wait till 2016: The proposed initiative would have allowed local governments to reduce benefits for current employees, which have strained the finances of California

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Ruling on Chuck Reed’s pension initiative not end of the world

Editor’s update, 2 p.m.: San Jose Mayor Chuck Reed is reportedly suspending the initiative push until 2016 because the court delays related to the ballot language challenge will make it difficult for signature gatherers to meet deadlines — not because

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Stockton police chief rips off $204K pension 0

Aug. 6, 2012 By John Seiler Highway robbery was supposed to be illegal in California. But after just eight months on the job, Stockton Police Chief Tom Morris grabbed a $204,000 pension. No wonder state pension funds now require hefty

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Unions make Wisc. badgering state 1

June 4, 2012 By Steven Greenhut SACRAMENTO — Before Wisconsin Gov. Scott Walker became a recall target for his efforts to reform collective bargaining in his state, I was a guest on a Madison radio show discussing the influence of

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Special Series: Local Governments Face Bankruptcy Quandary 82

Editor’s Note: This is the third in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 16, 2012 By JOHN SEILER Bankruptcy is the boogeyman haunting governments across America. It’s not a question of if more cities

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