Tag "life expectancy"
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LAO raises doubts about teachers’ pension bailout
A new report from the nonpartisan Legislative Analyst’s Office is raising questions about the long-term effectiveness of the Legislature’s 2014 bailout of the California State Teachers’ Retirement System, which will nearly double annual funding to cover CalSTRS’ obligations when it
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Longevity breakthroughs make gov pensions even more of a gold mine
On Sunday the Drudge Report sent Twitter abuzz with the report of a hugely significant breakthrough on aging and longevity: “It may seem the stuff of gothic horror novels, but transfusions of young blood could reverse the ageing process and
Read MoreLife expectancy gains: new front in CA pension funding woes
Daniel Borenstein of the Bay Area Newspaper Group had a sharp column Sunday pointing out that delays in acknowledging gains in life expectancy added to the long-term funding problems faced by CalPERS. “The mortality issue exemplifies how CalPERS has set
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Life imitates sci-fi: Why CA pension crisis is sure to get far worse
The debate in California over public employee pensions has grown familiar in recent times. Those who demand reform finally appear to have momentum. In Sacramento, Gov. Jerry Brown won passage of a pension reform measure in September 2012. While many
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