Posts Tagged ‘Pension Reform’

Video: Can CA tax its way to prosperity?

Friday, April 18th, 2014
NEW: Video: Can CA tax its way to prosperity?

California taxes are going up, but according to Americans for Tax Reform's Grover Norquist, the new revenue isn't going solve any problems. He explains why real change in the state need to come in the form of pension reform. http://youtu.be/fN88iWbSRZk

Why CalSTRS fix is impossible: It would force cut in teacher take-home pay

Friday, April 11th, 2014

The California State Teachers' Retirement System is terribly underfunded. The last official report put its shortfall at $74 billion. State officials say it needs an infusion of $4 billion more money a year for decades to come. This week, as reported by Cal Watchdog founding editor Steve Greenhut ...

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

Tuesday, April 8th, 2014
City Hall

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Coverage of L.A. ‘pothole tax’ never mentions why budget is bare

Friday, April 4th, 2014

The city of Los Angeles' finances are in terrible shape. The city's economy is sluggish and revenue is stagnant. Meanwhile, retirement benefits for retired city workers -- especially police and firefighters -- eat up ever more of the budget. “As of June 30, 2013, the City’s two pension funds,...

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
maviglium

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...

Judge confirms the ‘California rule’: Pensions can only go up

Tuesday, February 25th, 2014
evac.route

A state judge on Monday did a split-the-baby routine with San Jose's voter-approved pension-reform law: "SAN JOSE -- In a landmark ruling that could help shape city budgets around the state, a judge invalidated key parts of San Jose's voter-approved pension cuts but upheld other elements that could...

Hoover conference reaches consensus on some areas of pension reform

Thursday, February 20th, 2014
Hoover 1

Today the Hoover Institution released a crucial document in California's debate over pensions, "California Public Pension Solutions: Post-Conference Report." The conference itself took place last October. But its debates and findings now have been compiled for everyone to read and analyze. The do...

Latest scandal: Why you would be nuts to believe CalPERS

Tuesday, February 4th, 2014

The Sacramento Bee has the basic details on a new CalPERS contretemps: "A former CalPERS employee who alleged she was fired for challenging a cover up of insider trades by fund staff settled her wrongful termination case this morning. "Jeannine Carter, who worked in a watchdog unit that makes sure...