Pension Reform
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Gov. Christie: Not all pensions will be paid
Chris Cristie is the governor of New Jersey. But he has given a wake-up call to all states with public pension problems, including California. The latest: BELMAR, N.J. — Pension reform is going to involve breaking some promises, including reducing benefits
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Pension bigger than salary?
Most people understand that your pension will be less than your salary. You don’t have to commute any more, so your car expenses are down. You can downsize your house because your kids moved out — or at least that
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Backdrop to CalPERS’ many debacles: Agency thinks it’s great
The giant California Public Employees’ Retirement System, as one might suspect from its massive and self-important Sacramento headquarters, thinks it is the bomb — a flawless organization that should inspire awe in onlookers. Yes, of course, the phenomenon of government
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Feeble CalPERS reform shows Brown who runs Sacramento
Taken at face value, the pension reforms touted by Gov. Jerry Brown in 2011 and 2012 were genuinely far-reaching for a California Democrat, even one as allegedly independent as Brown. But from the 2014 perspective, two of the key provisions
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High court ruling a blow to California SEIU
In a fresh demonstration that the Roberts court is incrementalist and not the wild-eyed bunch that some on the left assert, the U.S. Supreme Court voted 5-4 in favor of an appeal that argued that in-home care workers in Illinois
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How rich: CTA parent group struggles with pension costs
The following news nugget almost has an Onion feel to it, it’s such a perfect commentary on the aggressively dishonest Maviglian/union narrative about pension affordability. But it’s legit. The California Teachers Association has spent years depicting complaints about the costs
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CalSTRS bailout will be CA version of budget sequester
On April 10, 2012, I wrote an op-ed for the L.A. Daily News with an unusual take on what ultimately would kill the bullet train. My theory was that the teachers unions would fight to keep a new mouth from
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Typical Sacramento: Weak CalSTRS fix made even weaker
So Gov. Jerry Brown is finally forced by events to come up with a CalSTRS pension rescue plan. And as Dan Borenstein points out, it’s so cautious that it doesn’t prevent CalSTRS’ underfunding from getting worse for some time to
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Brown’s CalSTRS fix hammers districts, protects teachers
Contrary to the impression given by some of the current coverage of Sacramento’s attempts to shore up the California State Teachers’ Retirement System, the underfunding problem hasn’t been completely ignored for all these years. Here’s what I wrote about the
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Longevity breakthroughs make gov pensions even more of a gold mine
On Sunday the Drudge Report sent Twitter abuzz with the report of a hugely significant breakthrough on aging and longevity: “It may seem the stuff of gothic horror novels, but transfusions of young blood could reverse the ageing process and
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