Tag "California State Teachers’ Retirement System"

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California’s Beltway delegation double-dips on pensions

They’re called double-dippers: those who take a pension payout from one government job while earning a salary doing another. Last year 19 of California’s 55 members of the U.S. Congress drew pensions from a state-backed public retirement plan, according to a CalWatchdog.com

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State finances: LAO’s own report on CalSTRS demolishes LAO’s happy talk

I’m still struggling to make sense of Legislative Analyst Mac Taylor’s bizarrely upbeat report last month on state finances that predicted budget surpluses for years to come — but barely mentioned the state’s huge unfunded liabilities for retiree pensions and

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CalSTRS ‘baby’ owes $29,632 already

May 8, 2013 By John Seiler As Ed Ring notes today, the state of California has run up a “Wall of Debt” of $1.126 trillion. That’s $1,126,000,000,000,000.00. There are 38 million Californians. So it comes to $29,632 per person, including

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California’s public pension jackpot

Sept. 21, 2012 By Jennifer Kerns Last spring, three Maryland co-workers won the Mega Millions lottery and, as the old saying goes, it couldn’t have happened to nicer people. Lotto officials announced that three public school employees struck it rich

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Run a restaurant like a school?

April 2, 2012 By Steven Greenhut SACRAMENTO — California’s public schools continue to lay off teachers, in a process that is as convoluted and illogical as one would expect in a bureaucratic system in which the needs of the students

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