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Articles Tagged: "State Pension"

State Pension

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

NEWS: Calpers approves employer rate hikes of up to 50 pct

Reuters reports the board of California's $255 billion public pension fund on Wednesday approved accounting changes requiring state agencies, cities and counties to pay rate increases of up to 50 percent in a plan to fully fund the pension system's obligations in 30 years.

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Filed Under: News