Tag "pensions"

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State pensions improve, but members living longer

Is it morning in California for the California Public Employees’ Retirement System and the California State Teachers’ Retirement System? Both CalPERS and CalSTRS’ funds have performed better lately, even as members are living longer. CalPERS is doing much better since 2008,

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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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Gordon Tullock, RIP

The great economist Gordon Tullock died recently at age 92. He is most associated with Public Choice Economics. Under it, economists look at government bureaucrats, not as disinterested, omniscient parties trying to keep things going by enforcing the rule of

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Higher tuition hikes — for what purpose?

  Last week, on a post-election panel presented by Capitol Weekly, I raised the issue of potential tax increases being contemplated by public unions and other groups in the next election and said that one of the reasons more revenue

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See tax increases, think pensions

  Despite the ridicule heaped on bonuses offered public workers for simply doing their jobs – just one prime example: a librarian earning a bonus for helping members of the public find books – the California Retirement System board last

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CalPERS’ $100K club increases 900% 76

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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VIDEO: Is California becoming the boring state?

Demographics are not on the side of the Golden State. The people we need to live here are leaving. Reason Magazine’s Editor Matt Welch joins CalWatchdog’s James Poulos to talk about his greatest fear of all: California gets boring.

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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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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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CalSTRS shows how to cut debt 23

It turns out public pension debt can be reduced. And the California State Teachers’ Retirement System is showing how. CalPensions reports: CalSTRS was bracing to report the nation’s biggest pension debt under new government accounting rules that take effect this

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