Posts Tagged ‘pensions’

CalPERS rate hike slams cities

Wednesday, February 19th, 2014
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Californians are finding out how Gov. Jerry Brown is going to deal with the state's pension crisis: make the taxpayers pay for it. This from CalPensions: A divided CalPERS board yesterday approved a faster rate hike for the state urged by Gov. Brown, but opposed by unions. A proposal to give strugg...

Graphic shows pension reform ideas

Thursday, February 13th, 2014

The site Accounting Review has come up with a neat graphic that describes America's pension crisis, and some possible alternatives: Source: Accounting-Degree.org...

Longevity hurting CalPERS

Friday, February 7th, 2014

The California Public Employees Retirement System has a new problem: retirees are living longer. That means their pension payouts continue longer than was planned for. Reported AP: SACRAMENTO, Calif. (AP) -- Gov. Jerry Brown on Wednesday urged California's largest public pension fund to act quickly...

Life expectancy gains: new front in CA pension funding woes

Monday, January 20th, 2014

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 the rates it charges too low. Retirement syst...

Gov. Brown's budget largely ignores massive debt

Friday, January 10th, 2014

SACRAMENTO -- Gov. Jerry Brown yesterday released his state budget proposal for fiscal year 2014-15, which begins on July 1, with spending sharply higher than last year, despite promises of fiscal restraint. The governor’s $155 billion total spending plan increases the general fund spending ...

How will Brown budget proposal address pensions, taxes, debt?

Monday, January 6th, 2014

California's budget battles will begin on Friday when Gov. Jerry Brown releases his proposal for fiscal year 2014-15, which begins on July 1. The media and political buzz in the Capitol building is that the state has a surplus -- and maybe voters even are ready for higher taxes. "We now fin...

EDD employees nap, watch TV, surf net, while claims stack up

Tuesday, December 17th, 2013
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My three-part series about the Employment Development Department computer system upgrade has some in the agency wanting to unload. Apparently EDD officials' explanation of the newly updated $100 million computer system "glitches," and claims of understaffing, aren't the whole story, according to som...

What is the CA Agricultural Labor Relations Board?

Thursday, November 21st, 2013
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Editor's note: This is Part 1 in a series on the ALRB. California government includes many boards and commissions with members appointed by the governor. Most people never get to see who these decision makers are, despite the far-reaching effects of their decisions on the people of the state. ...

Is Jerry Brown eyeing the White House again?

Thursday, October 24th, 2013
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Gov. Jerry Brown’s crack public relations team has been hard at work convincing the rest of the country that he has sparked a California turnaround. The New Republic even recommended to President Obama that, in his second term, he should “study the Moonbeam” for help cleaning up the growing li...

BART strike is a teachable moment

Wednesday, October 23rd, 2013
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Reactions from the press and public to the BART strikes this year have been overwhelmingly negative. In one of the safest Democratic strongholds in the U.S., there is serious talk of outlawing future BART strikes. As reported in the San Francisco Chronicle on October 19: “That discussion ha...