Author Archives: admin

Why public pensions are so rich

Shifting government workers to 401(k)-style plans would offer greater transparency and keep benefits in line with the private economy. By Andrew G. Biggs and Jason Richwine | The Wall Street Journal — According to government union leaders, their employee retirement … Continue reading

Posted in News | Comments Off

UC regent Crane ousted for telling hard truths about pensions

Editorial | San Francisco Chronicle — David Crane is not the most popular man in Sacramento. In fact, his determination to tell legislators what they don’t want to hear – yet need to hear – is about to cost him … Continue reading

Posted in Editorial | Comments Off

The costly impact of the ‘air time’ public pension perk

Fox Business Network’s Gerri Willis on the impact of the ‘air time’ public pension perk on state governments and taxpayers: Watch the latest video at video.foxbusiness.com

Posted in TV News / Video | Comments Off

New PPIC poll: 83% of Californians say the amount government is spending on public employee pensions is a problem

By Jon Ortiz | Sacramento Bee — Californians, both those in government and those outside of it, support changing public employee pensions, according to a new Public Policy Institute of California survey. A little more than 8 in 10 of … Continue reading

Posted in News | Comments Off

Stanford group to release new estimates today of unfunded liabilities for CalPERS, CalSTRS and the University of California

The Stanford Institute for Economic Policy Research (SIEPR) this week will release a series of reports documenting the Golden State’s worsening public pension problems.  The reports are authored by Stanford Professor Joe Nation with the assistance of California Common Sense … Continue reading

Posted in News | Comments Off

Public pension reform will make 2012 the most intense year in California politics since Prop 13

By John Dickerson | Ukiah Daily Journal — Statewide public pension reform will make next year the most intense in California politics since Prop 13. We will watch a three-player statewide chess game. Jerry Brown recently introduced a 12 point … Continue reading

Posted in Op-Ed | Comments Off

‘We’ve got to fix the pension system’ says Gov. Brown

By Melinda Meza | KXTV – Gov. Jerry Brown unveiled his 12-point pension plan to lawmakers Thursday. Brown aims to reform state employee’s pension plan and save $900 million a year. “A lot of the items I’ll propose in January … Continue reading

Posted in TV News / Video | Comments Off

California Pension Reform testifies on Brown pension plan

Governor’s Proposal Would Solve Less Than 5% of the State’s Pension Debt Duf Sundheim of California Pension Reform today offered the following prepared testimony at the Conference Committee on Public Employee Pensions in Sacramento: “Thank you for the opportunity to … Continue reading

Posted in Press Release | Comments Off

Governor faces hurdles on his pension reform proposal

By Sharokina Shams | KCRA — When lawmakers hear Gov. Jerry Brown’s pension reform plan Thursday, it will be the first time the plan is formally discussed, yet it already has numerous critics. Many public workers say it asks too … Continue reading

Posted in TV News / Video | Comments Off

San Jose’s pension costs pose a true fiscal emergency

By Daniel Borenstein | Contra Costa Times — The city of San Jose faces a fiscal death squeeze as it tries to fund ballooning costs of employee retirement benefits. To pay the bill, the city must lay off workers. Whereas … Continue reading

Posted in Column | Comments Off

Cash-strapped cities want workers to contribute more to their pensions

By Catherine Saillant | Los Angeles Times — It’s business as usual at Santa Ana City Hall as residents trickle up to the counter to pay business fees, pick up a dog license or, in a newer wing next door, … Continue reading

Posted in News | Comments Off

Pension progress in Riverside County

Editorial | The Press-Enterprise — Riverside County cannot close its budget shortfalls while sustaining some of the most lavish retirement benefits around. The county needs to rein in employee costs in order to close a persistent budget gap. And that … Continue reading

Posted in Editorial | Comments Off

‘Glitch’ in CalPERS’ new $507,000,000 computer system creates bureaucratic mess for widowed spouses

By Jon Ortiz | Sacramento Bee — A glitch with CalPERS’ new half-billion-dollar computer system has delayed death benefit checks to widowed spouses and incorrectly triggered letters notifying some members that their health insurance has been canceled.  Continue reading . … Continue reading

Posted in News | Comments Off

Showdowns loom in California over public pensions

By Jim Christie | Reuters — There’s no avoiding a ballot showdown over paring public employee pensions in California’s third-largest city, its mayor said on Wednesday. San Jose Mayor Chuck Reed told Reuters by telephone he has enough backing from … Continue reading

Posted in News | Comments Off

San Jose leaders paint grim budget picture without pension reform

By John Woolfolk | Mercury News — With life hanging in the balance, San Jose police and firefighters will take minutes longer to respond to emergencies. City libraries and community centers, some newly built, will sit locked and empty. There … Continue reading

Posted in News | Comments Off

Public pressure needed to push California pension reform

By Dick Spotswood | Marin Independent Journal — Until now, it’s been easy for many Marin politicians to dodge responsibility for changing California’s broken public employee retirements system. That’s frustrating because most voters understand that the status quo is not … Continue reading

Posted in Column | Comments Off

UPDATE: Convicted San Diego police officer WILL NOT get $40,000 annual pension

By Crag Gustafson | San Diego Union-Tribune – An ex-San Diego police officer convicted of assaulting women isn’t eligible for a city pension contrary to a report Tuesday by The San Diego Union-Tribune, according to a lawyer with the San … Continue reading

Posted in News | Comments Off

Soaring Marin County pension bill fueled largely by top tier of retirees, study finds

By Nels Johnson | Marin Independent Journal – The soaring cost of Marin County’s pension program is driven in large part by plump benefits for a few hundred retirees at the top, a new study indicates. Some 30 percent of … Continue reading

Posted in News | Comments Off

San Jose pension crisis tied up in legal quagmire

By Daniel Borenstein | Contra Costa Times — Labor unions try to have it both ways. They fight statewide reform of public employee pension systems by insisting that change must be bargained at the local level. But, as we see … Continue reading

Posted in Column | Comments Off

Pension reform and union shenanigans in San Diego

By Paul Feine & Alex Manning | Reason.tv — On November 8, 2011, San Diego’s Comprehensive Pension Reform ballot measure qualified for the June ballot. Like so many other cities around the country, San Diego is facing a fiscal crisis. … Continue reading

Posted in TV News / Video | Comments Off