Posts Tagged ‘Chuck Reed’

Retirement will be painful for most

Friday, January 2nd, 2015
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 doing the math evokes less-pleasant emotions like f...

Pension reformer Chuck Reed will fight on

Thursday, January 1st, 2015

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 that already was the major cause of the bankruptcie...

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...

No, San Jose not struggling to retain city workers — just police

Tuesday, April 8th, 2014
City Hall


San Jose Mayor Reed folds on pension initiative

Wednesday, March 19th, 2014

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 General Kamala Harris' ballot summa...

Pension reform waits till 2016

Sunday, March 16th, 2014

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 cities. Reed said the official description of the p...

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

Friday, March 14th, 2014

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 of the ballot language the court said he must u...

Stockton police chief rips off $204K pension

Monday, August 6th, 2012

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 infusions of cash from taxpayers -- and soon will go broke. Blo...

Unions make Wisc. badgering state

Monday, June 4th, 2012

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 public-sector unions and the significance of the state's unfunded ...

Special Series: Local Governments Face Bankruptcy Quandary

Friday, March 16th, 2012

Editor’s Note: This is the third in a 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 will file for bankruptcy, but how many. T...