Pension Reform
Back to homepageUnion Ally Denies Pension Crisis!
Steven Greenhut: Here’s the dog-bites-man story of the day: Steve Maviglio claims that the pension crisis isn’t real, apparently something manufactured by greedy private-sector workers who don’t understand why they need to work until they are 90 to pay for
Read MoreCalSTRS Drops Fund Projections
John Seiler: Putting its investment projections slightly more in line with reality, yesterday CalSTRS downgraded its fund forecast. According to its own announcement, “The governing board of the California State Teachers’ Retirement System (CalSTRS) today adopted a new set of
Read MoreProvidence Could Cut Pensions
John Seiler: I’ve been arguing for a couple of years that the pension problem in California is so bad that the state will have to cut existing pensions. Is that supposedly banned by the California Constitution? It doesn’t matter. Constitutions can
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Berkeley Mgr. Grabs $266K Pension
John Seiler: Say, wasn’t Berkeley the most liberal, progressive, hippest and hippiest place around? The Free Speech movement (pictured at right)? Anti-Vietnam War protests? Political Correctness that would make Mao envious? Ah, forget it. As it always does, it comes
Read MoreWill unions now thank Wall Street?
Steven Greenhut: Last week, I was a witness on a mock trial at Freedom Fest, in which public employee unions were in the dock over the detrimental effect of their pensions on the public treasury. It was a fun event,
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Fletcher's Union, Big-Gov't Record
Steven Greenhut: Assemblyman Nathan Fletcher has announced that he is running for mayor of San Diego, an announcement trumpeted by many Republicans, but Fletcher’s rhetoric and record should be disturbing to anyone who actually believes in limited government. He is
Read MoreGovt. Worker Suicide Was Cokehead
John Seiler: Remember the government worker, Huy Pham, who jumped from a government building in Costa Mesa after he was laid off? Pro-government unions and politicians still are blaming his death on the mean City Council of Costa Mesa that
Read MoreSentinel's Impressive Pension Series
Steven Greenhut: The Santa Cruz Sentinel has produced an impressive series on the state of that community’s pension system and finds what other communities across the state are finding — soaring pensions costs, especially for police and firefighters and resulting
Read MoreJim Silva's Hilarious Hypocrisy
Steven Greenhut: Assemblyman Jim Silva must think that Californians have extremely short memories and no sense of irony. The Republican from Huntington Beach has been a long-time union ally, someone who twice retroactively increased pensions while serving as Orange County
Read More$594,976 Vac Pay for Gov. Worker
John Seiler: Incredible. Even after all that has been revealed about the immense government-worker pay, perks and pensions that have bankrupted California state and local governments, more shocking revelations keep coming up. This is from today’s L.A. Times: Reporting from
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