Tag "CalPERS"
Back to homepageSan Bernardino will try to hammer ‘Nail House’ loans in 2013
Dec. 3, 2012 By Wayne Lusvardi What are called “nail houses” in China may be coming to the county of San Bernardino in 2013 by using eminent domain as a bail out from unfunded public pension debts. The photo at
Read MoreGov. Brown campaigns for rich public-employee unions
Commentary Oct. 31, 2012 By Mark Cabaniss If you have the stomach, listen to Jesuit seminary dropout (1957) Gov. Jerry Brown out on the campaign trail recently, selling his newest tax hike, Proposition 30: “I like to quote from St.
Read MoreBreaking public-employee pensions: The political path
Second in a series on public pensions. The first is here. Sept. 27, 2012 By Mark Cabaniss In taking on the California pension problem, the first step is dispelling some large, tenacious and commonly held illusions. The first illusion is
Read MoreYes, we can break public-employee pensions
First on a series on public pensions. Sept. 20, 2012 By Mark Cabaniss The politicians in charge of “doing something” about the ongoing California pension debacle like to play a little game. It goes like this: They decry the high
Read MoreStockton leads tsunami of Calif. bankruptcies
Aug. 27, 2012 By Troy Anderson During Vallejo’s bankruptcy, which began in 2008, the city cut the number of police in half rather than deal with the “pension problem.” Now, a somewhat similar scenario is playing out in Stockton, a
Read MoreBankruptcy no panacea for pensions
Aug. 20, 2012 By Steven Greenhut SACRAMENTO – Municipal bonds have long been among the safest investments, but a coming wave of municipal bankruptcies in California — and the disturbing way one of those cities is stiffing its bondholders —
Read MoreCalPERS reveals its true colors
Steven Greenhut: When the California Public Employees’ Retirement System — the nation’s largest retirement system, albeit one plagued by scandal — was pushing for massive retroactive pension increases for California government employees in 1999, the system released a report that,
Read MoreCalif. retiree health care time bomb is ticking
Aug. 3, 2012 By Dave Roberts When discussing California’s exorbitant benefits for state government employees that are threatening to bankrupt the state, much of the focus has been on pensions. And rightly so, with estimates of the unfunded pension liability
Read MoreCalifornia needs adult supervision
April 9, 2012 By Katy Grimes More than ever, California is a state run by children. Selfish, self-absorbed state officials and lawmakers have been implementing pet policies and legislation for so many decades, they are now arguing among themselves over
Read MoreCalPERS Funding Might Be Only 40 Percent Funded
John Seiler: As we’ve been warning here on CalWatchDog.com for more than two years now, CalPERS’ funding is way too low. I’ve written before how CalPERS might only be funded at the 55 percent level. It turns out that even
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