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Tag "pensions"

See tax increases, think pensions

Despite the ridicule heaped on bonuses offered public workers for simply doing their jobs – just one prime example: a librarian earning a bonus for helping members of the public find books – the California Retirement System board last

CalPERS’ $100K club increases 900%

John Seiler October 22, 2014

Let the good times roll! for those getting pensions from the California Public Employees Retirement System, anyway. The Register reported: Back in 2005, some 1,841 retirees pulled down more than $100,000 a year in pension checks from the California Public

VIDEO: Is California becoming the boring state?

CalWatchdog Staff October 20, 2014

Demographics are not on the side of the Golden State. The people we need to live here are leaving. Reason Magazine’s Editor Matt Welch joins CalWatchdog’s James Poulos to talk about his greatest fear of all: California gets boring.

Longevity increases pension problems

John Seiler October 13, 2014

To the consternation of government pension planners, Americans just keep living longer. AP reported: NEW YORK (AP) — Americans are living longer than ever before, according to a new government report filled mostly with good news. U.S. life expectancy inched

Stockton ruling, like Vergara ruling, shakes CA status quo

Chris Reed October 2, 2014

Californians who think the state status quo is nuts and that public employees amount to a protected class of citizens have gotten unexpected help this year from the state and federal courts. First came Los Angeles Superior Court Judge Rolf

CalSTRS shows how to cut debt

John Seiler September 9, 2014

It turns out public pension debt can be reduced. And the California State Teachers’ Retirement System is showing how. CalPensions reports: CalSTRS was bracing to report the nation’s biggest pension debt under new government accounting rules that take effect this

Gov. Christie: Not all pensions will be paid

John Seiler August 3, 2014

Chris Cristie is the governor of New Jersey. But he has given a wake-up call to all states with public pension problems, including California. The latest: BELMAR, N.J. — Pension reform is going to involve breaking some promises, including reducing benefits

Feeble CalPERS reform shows Brown who runs Sacramento

Chris Reed July 8, 2014

Taken at face value, the pension reforms touted by Gov. Jerry Brown in 2011 and 2012 were genuinely far-reaching for a California Democrat, even one as allegedly independent as Brown. But from the 2014 perspective, two of the key provisions

CalSTRS bailout will be CA version of budget sequester

Chris Reed May 27, 2014

On April 10, 2012, I wrote an op-ed for the L.A. Daily News with an unusual take on what ultimately would kill the bullet train. My theory was that the teachers unions would fight to keep a new mouth from

Pension costs burden CA budget

James Poulos May 19, 2014

Gov. Jerry Brown still hasn’t gotten his state’s budget problems beat. A high-profile new report showed California still faces massive liabilities extending far into the future. The study, released by the nonpartisan Legislative Analyst’s Office, tallied over $340 billion in debts, deferred payment and other