Category Archives: Op-Ed

How did CalPERS dig a $153 billion pension hole?

By Dan Pellissier | During the next five weeks, the CalPERS board, custodian of $326 billion in assets needed to fulfill retirement promises for 1.8 million California public employees and beneficiaries, will make decisions affecting government budgets for decades to … Continue reading

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A $2.5 billion pension tsunami in San Mateo County

By Chuck McDougald | Daily Journal — Gov. Jerry Brown is proposing deep cuts in health and welfare programs and warning of cuts to schools, universities and courts if voters refuse to pass tax hikes in November. Taxpayers might find … Continue reading

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Legislative Analyst’s Office fails to give California Pension Reform’s proposals a fair reading

By Mike Genest | The Sacramento Bee — During my four years as director of the state Department of Finance I signed off on the Legislative Analyst’s Office analyses of hundreds of initiative proposals – and I almost always agreed … Continue reading

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A resolution for 2012: Fixing California’s public pension problems

By Dan Pellissier | Capitol Weekly — As many Californians fill up gyms, bike trails and jogging paths to act on their New Year’s resolutions to improve their personal health and fitness, this year California voters will fill voting booths … Continue reading

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Can California voters recoup excessive pay, benefits and pensions from current public employees?

By John Eastman | Fox & Hounds — California is broke.  Every year we spend about $20 billion more than we take in, despite a constitutional requirement of balanced budgets.  Our elected officials have tried every trick in the books … Continue reading

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State finance officials should face the truth on pension promises

By David G. Crane | The Sacramento Bee — In the 17th century the Catholic Church attacked Galileo for advocating Copernicus’ view of the universe. Three centuries later, Pope John Paul II apologized for that persecution. Hopefully it won’t take … Continue reading

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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

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