Tag "CalSTRS"
Back to homepageLAO confirms insanity of Mac Taylor’s November happy talk
March 21, 2013 By Chris Reed In November, to the amazement of many journalists who have admired the independence and thoughtfulness of the Legislative Analyst’s Office over the years, LAO boss Mac Taylor gave an amazingly sunny take on the
Read MoreScandal ‘boring’? Arrogant Jerry Brown drinks his own Kool-Aid
Feb. 6, 2013 By Chris Reed Sacramento is still buzzing over a bizarre and obnoxious scandal in which state parks officials hid $54 million while pressing to close 70 parks, and along comes another scandal in which Cal Fire hides
Read MoreWhy 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
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 MorePension reform puts teacher take-home pay in cross hairs
Dec. 19, 2012 By Chris Reed The conventional wisdom about the 400,000 members of the California Teachers Association and the 120,000 members of the California Federation of Teachers is difficult to dispute: Their unions dominate Sacramento in a way no other
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 MoreGovernment ‘investing’ in government
Oct. 6, 2012 By Katy Grimes In order to stimulate the inert economy, we now have the government investing in government. The public sector is trading public dollars for public dollars. “How will you spend your future?” the California State
Read MoreState seeking to grab private pensions
June 21, 2012 By Katy Grimes Because California is doing such a bang-up job of managing the state employee pension systems, some lawmakers are pushing to create and manage another retirement program–for the private sector. According to Sen. Kevin de
Read MoreStock Market Not Helping Pension Funds
FEB. 10, 2012 By JOHN SEILER California Pension Reform just suspended its attempt to put an initiative on the November ballot. It ran out of money — sort of like the pension funds themselves. Meanwhile, the stock market seems to
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
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