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Articles Tagged: "State Pension"

State Pension

OPINION: CalSTRS Bailout will be CA Version of Budget Sequester

Columnist Chris Reed writes in Fox and Hounds Daily that a proposed bailout of the teacher's pension fund, known as CalSTRS, may be much like the Federal budget sequester, a process where budget cuts occur if government spending is too high. Reed points out the pension bailout may require the state to abandon its costly high speed rail plan, which already faces numerous obstacles.

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Filed Under: News

EDITORIAL: California pension reform is threatened by word games

Press-Telegram editorial arguing that Attorney General Kamala Harris used misleading language in the summary of a ballot measure that would be a major step toward public union pension reform in order to delay signature gathering efforts to get it on the ballot in November.

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Filed Under: News

NEWS: Brown budget plan faulted on bullet train, teacher pensions

According to the Los Angeles Times, a new report by the Legislative Analyst's Office concluded Governor Brown's new budget proposal would continue to improve California's finances, but his plans for financing bullet train construction and a lack of new money for the cash-strapped teacher pension system are troublesome.

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OPINION: The Secrecy Lobby

Steven Greenhut writing for City Journal recounts the continued efforts of public unions to hide pension information from taxpayers.

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Filed Under: News

NEWS: Report: California governments could be $1.1 trillion in debt

The Sacramento Bee reports on a new study by the California Public Policy Center that shows California's state and local governments are at least $648 billion in debt and the total could surpass $1.1 trillion.

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Filed Under: News