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CalSTRS at risk of disaster despite 2014 bailout

Four years after the state Legislature passed a bailout of the California State Teachers’ Retirement System that will nearly double annual direct contributions to the giant pension fund, a newly released internal report raises the prospect that the infusion of

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Top lawyer for controller benefits from much-criticized state perk

The state government’s practice of letting workers defy official state policy and pile up unused vacation days and cash them in upon retirement has been criticized on and off for years. California government watchdogs and journalists have outlined the budget

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Fresh evidence that Jerry Brown’s pension fix fixed little 11

July 10, 2013 By Chris Reed The aura of self-congratulation surrounding the governor’s office is particularly intense when it comes to the pension reform measure that Jerry Brown got through the Legislature in September. But I’m not like some other

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Gov. Brown’s pension non-reform 12

Aug. 30, 2012 By John Seiler As the smoke and the rhetoric have settled, you know pension reform is weak when: a) It’s criticized by an analysis in the Los Angeles Times. c) Ridiculed by the paper’s liberal columnist George

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Stockton leads tsunami of Calif. bankruptcies 19

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

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