Comments on: Tilting at pension reform

By: abas

abas — Fri, 01 Sep 2017 06:09:25 +0000

OBAT PENGGUGUR KANDUNGAN

By: Marlyne wayne

Marlyne wayne — Thu, 19 Jan 2017 02:43:46 +0000

Berardino’s acceptance that state employee pensions need work is far from universally held among union officials. In fact, most look at CFFR’s proposed initiative not as a moderate change—the substituting of a single, still generous benefit for a motley mix of extremely generous benefits—but as something dangerous and sinister that must be stopped at all costs.

By: Faisal george

Faisal george — Thu, 19 Jan 2017 02:40:19 +0000

I don’t think it’s in the interests of the Democrats because they’re protecting public employee unions,” Assemblyman Ted Gaines, R-Roseville. To be fair, most Republicans dip into the public employee till as well—last April newly elected Republican Assembly leader Martin Garrick accepted $2,000 from the California Correctional Peace Officers Association, for instance—which makes the power of the unions even stronger.

By: Jessi Janet

Jessi Janet — Thu, 19 Jan 2017 02:37:46 +0000

When CalPERS is able to make money on the stock market, then the government agencies often got off without paying very much into the “retirement account” for each employee. But when CalPERS loses money, then each agency (city, county, state, special district) must pony up additional funds to make these payments. Lately, these additional funds have gotten to be so large that some cities are paying 20%-40% of their general funds into payments for post-retirement expenditures (CalPERS and retiree Health Care).

By: yaredi laia

yaredi laia — Thu, 19 Jan 2017 02:35:18 +0000

$100 million in Palo Alto apartment conversion and another $500 million or so in Manhattan apartments. These and other losses have considerably sapped CalPERS’ investment returns—so much so that a Jan. 20 Los Angeles Times story reports they “raised concerns about the ability of the country’s largest public pension system to cover the cost of retirement for 1.6 million state and local government workers, retirees and their families.”

Paying pensions and benefits for retired state workers is a huge drain on the state budget that robs other programs and services (health care, education, parks, etc.) of much needed funding. What to do about steadily (sometimes even retroactively) rising pension benefits for state workers at a time of declining tax revenue and economic calamity has long been one of Gov.

By: StevefromSacto

StevefromSacto — Fri, 29 Jan 2010 18:41:20 +0000

Interesting how the right has been able to de-brand the so-called Foundation for Fiscal Responsibility as the brainchild of discredited former Assemblyman Keith Richman–whose last pension initiative was so flawed that Gov. Schwarzenegger dropped it like a hot rock–and use Marcia Fritz as the new figurehead. Unfortunately, the irresponsible message of the group remains the same. SSDD.

By: PRI

PRI — Wed, 27 Jan 2010 17:17:49 +0000

orcadrvr:

Nope, not a typo. The initiative makes a distinction between cops and firefighters on one side and “public safety” employees on the other…

-Anthony Pignataro

By: orcadrvr

orcadrvr — Wed, 27 Jan 2010 15:49:14 +0000

Is there a typo in paragraph 10? Perhaps the second sentence should read: “The multiplier for “non” public safety employees….”

By: Ishmael

Ishmael — Wed, 27 Jan 2010 01:29:28 +0000

This proposal like most budget proposals in this state is a joke. In almost all categories California leads the nation in taxes — income, sales, property and the list goes on. Why, so we can pad a bunch of nonworking government pensions.

I closed my business in California and moved it to Texas and am on my way there. There are lots of people like me and I believe anyone who startes a business in California that will be a national business has to be a total idiot.

California is the Greece of the US and will just totally implode. What the legislature has done should be a crime.

I am going to be sitting far away, drinking a cold beer and laughing when this thing goes KaBoom. This state has nothing but idiots running it.

By: john moore

john moore — Wed, 27 Jan 2010 00:09:24 +0000

Here in Pacific Grove,where we adopted 3@50 when we were in deficit with 2@50,stock market losses have cost the City 7-8 times more than payments to Calpers over the past 8 years. Anything that does not deal with Calpers investment losses won’t help enough to allow cities to provide customary services. In Pacific Grove,the city has practically eliminated all services that serve children.It is disgusting. John Moore