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Tag "Pension Reform"

Gov. Newsom’s budget shows pension fixes failed

Gov. Gavin Newsom’s proposal to use some of the state’s budget surplus to pay down unfunded liabilities in the state’s two giant government employee pension funds drew praise from an unexpected source – the Howard Jarvis Taxpayers Association, which otherwise had

Gov. Brown’s pension plan gets mixed reviews from reformers

Steven Greenhut May 30, 2017

SACRAMENTO – Gov. Jerry Brown and the Legislature mostly have avoided tackling the state’s unfunded pension liabilities, even though these taxpayer-backed debts to pay for pension promises to state and local employees have soared by 22 percent in the last

State agency loses again in bid to expand clout of collective bargaining

Chris Reed April 19, 2017

For the second time in five years, state courts have rejected attempts by the California Public Employees Relations Board to sharply expand the sweep and power of state collective bargaining laws. Last week, a three-judge panel of the fourth state

California high court sets stage for major pension ruling

Steven Greenhut April 18, 2017

SACRAMENTO – The battle over reforming California’s underfunded system of pension benefits does not involve any particular legislative proposal or initiative idea at this time but is centered on a coming state Supreme Court battle over an arcane legal concept.

California cities facing growing pension costs in new year

Steven Greenhut January 4, 2017

SACRAMENTO – After two years of miniscule investment returns, the nation’s largest state pension fund – the California Public Employees’ Retirement System – has once again lowered its expected rates of return. Even some CalPERS officials and consultants argue the

CalWatchdog Morning Read – December 28

CalWatchdog Staff December 28, 2016

New laws going in effect Gun sales on the rise Life expectancy plateau is good news for pensions Oakland for decades failed to inspect illegally converted warehouses like Ghost Ship Sierra Nevada snowpack below average Good morning. Happy Hump Day.

CalWatchdog Morning Read – November 30

CalWatchdog Staff November 30, 2016

U.S./Mexico water negotiations closely watched State strikes back at union threatening walkout CA Supreme Court to consider landmark pension ruling SF considering $5 million plan to defend those facing deportation ICYMI: What a Democratic supermajority means for the state Good morning.

CalPERS staff nudges board to consider lower return rates

Steven Greenhut November 22, 2016

SACRAMENTO – There’s bad news coming down the pike for California municipalities following several days of board meetings for the nation’s largest state-based pension fund. Although no action has been taken, it’s clear the California Public Employees’ Retirement System, or

CalWatchdog Morning Read – October 12

CalWatchdog Staff October 12, 2016

Escalating pension debt may rest on CA Supreme Court ruling Is the state free of liability in Secure Choice retirement plan? Gloria Allred goes after Trump tapes New battle over bilingual education Crowdfunding effort to get Trump tapes Good morning.

Union appeal focuses attention on pension precedent

Steven Greenhut October 11, 2016

SACRAMENTO – A decision by four Marin County public-employee associations to appeal a pension-related case to the California Supreme Court could ultimately determine whether localities have the tools needed to rein in escalating pension debt. At issue is how far