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State Supreme Court ruling could make local ballot initiatives more difficult

A recent unanimous ruling by the California Supreme Court (pictured) that may force the city of San Diego to retroactively create pensions for non-police employees hired since the start of 2013 isn’t just bad news for pension reformers. It also

Legislature is back and focused on housing, recall and bail

Steven Greenhut August 24, 2017

SACRAMENTO – California’s Legislature is back from its recess and legislators kicked off the session by focusing on two highly partisan matters. Assembly Republicans first voted to keep Chad Mayes as Republican leader, despite pressure from activists to oust

CalPERS’ divestment goals in crosshairs as coal stocks soar

Steven Greenhut August 9, 2017

SACRAMENTO – A newly released report from the California Public Employees’ Retirement System confirms that, fulfilling the Legislature’s directive to divest from coal-related investments, the pension fund has now largely exited from coal stocks. But as news reports this week

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

Rising pension costs threaten California school funding

James Poulos February 3, 2017

In a shock critics had warned against, Golden State schools discovered that their nation’s largest pension system, CalPERS, was on track to force substantial budgetary cutbacks on core education spending. “Public schools around California are bracing for a crisis driven by

Does the Secure Choice state-run retirement plan guarantee against taxpayer bailouts?

Matt Fleming October 12, 2016

Arguably the biggest selling point for Secure Choice — the state-run, automatic retirement account measure signed into law last month — is the promise that taxpayers won’t be on the hook in the event of a loss. The law has several

CalWatchdog Morning Read – September 20

CalWatchdog Staff September 20, 2016

Union battles Caltrans over costly move Gov. Brown mulls bills overseeing psych meds for foster kids Energy company won big giveaway from Legislature More on CalPERS and the state’s rising pension debt Good morning! But alas, it’s only Tuesday. CalPERS and the

CalWatchdog Morning Read – September 19

CalWatchdog Staff September 19, 2016

Pensions cost taxpayers billions, but weren’t supposed to Group sues five coastal commissioners over hundreds of alleged transparency violations Sausage making on last night of legislative session Airbnb challenges laws it doesn’t like Senate odd couple actually work together to

Court ruling opens avenue for pension reform

Steven Greenhut August 30, 2016

SACRAMENTO – An Aug. 17 California appeals court ruling rejected a public employee union’s claim that its members had a right to “pension spiking,” which the court described as “various stratagems and ploys to inflate their income and retirement benefits.”

CalWatchdog Morning Read – August 9

CalWatchdog Staff August 9, 2016

Recreational pot in trouble? Promised parks never built Bullet train project over budget Pension payouts Groups back out of housing talks Good morning and happy Tuesday. Today we have lots of interesting bits of news, including about how there are