Tag "CalPERS"
Back to homepageWhy don’t pension funds divest from ALL arms companies?
Jan. 30, 2013 By John Seiler After the December shootings at Newtown, Conn., California Treasurer Bill Lockyer and others took aim at some arms manufacturers. Lockyer “said he’ll propose that the state’s public pension funds, the two largest in the
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Firefighter one of nation’s safest jobs
The nation’s astoundingly well-paid public firefighters insist that they receive their high salaries and pensions (averaging around $175,000 a year in total compensation in California, with age-50 retirements and schedules that allow them to sleep on the job and work
Read MoreBeing CalPERS means never having to say you’re sorry
Jan. 20, 2013 By Chris Reed So CalPERS is found to allow ridiculous, outrageous double-dipping by salaried employees that boosts their pay (and probably their pensions), and faces sharp criticism. So when the giant pension fund responds, does it do
Read MoreCalSTRS moves to increase your taxes
Jan. 10, 2013 By John Seiler The California State Teachers Retirement System just moved to increase your taxes. They didn’t do so directly, but that will be the result. Because when CalSTRS investments don’t grow fast enough, by law taxpayers
Read MoreSan Bernardino may have to pay pensions before police protection
Dec. 26, 2012 By Wayne Lusvardi Do pension payments have the first claim to a bankrupt city’s revenues, even over providing essential police and fire protection? This is the half-trillion-dollar question currently before a Federal bankruptcy court concerning the insolvency
Read MoreYou and what army are going to make me pay?
Dec. 24, 2012 By Chris Reed The city of San Bernardino’s defiance of CalPERS’ demands for payment will be remembered as the first in a very long line of defiant acts from local governments in California as budgets that don’t
Read MoreStarving CA govt. begins to devour itself
Dec. 18, 2012 By Mark Cabaniss Caught between rising pension costs and declining tax receipts, several local governments in California have gone bankrupt, including the city of San Bernardino, which has stopped making its required contributions to the California Public
Read MoreLockyer anti-gun ideology would hit CA taxpayers
Dec. 18, 2012 By John Seiler America still mourns the victims of the Newtown mass murder. It’s predictable that anti-gun Democratic ideologues would use the tragedy to advance their position — at the expense not only of our Second Amendment
Read MoreCalPERS seeks to be new California ‘Octopus’
Dec. 17, 2012 By Wayne Lusvardi In 1901, Frank Norris wrote a novel, “The Octopus: A Story of California.” The book became famous for its description of the monopolistic Southern and Pacific Railroad that dominated California a century ago. Fast-forward to
Read MoreCalPERS’ new shtick: Ripping CalPERS = ripping retirees. Groan.
Dec. 17, 2012 By Chris Reed The California Public Employees’ Retirement System is a piece of work. For years, it has downplayed the pension crisis, ignored its central role in the crisis by encouraging a 50 percent retroactive giveaway to
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