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Articles Tagged: "State Unions"

State Unions

OPINION: Dan Walters: California unions’ dominance of Democratic Party may be fading

In his piece for the Sacramento Bee, Dan Walters details the rise of public sector unions as a predominant force in the Democratic party and how their greed may lead to their demise.

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Filed Under: News

OPINION: Unions need to give the public a break

George Skelton of the Los Angeles Times explains how public opinion in California is starting to turn against public sector unions and continues to gain momentum. State unions have now even found themselves openly criticized by former San Francisco Mayor Willie Brown.

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Filed Under: News

NEWS: New focus on showing risk as CalPERS rates go up

CalPensions.com reports a new CalPERS projection shows employer rates for the largest group of state workers increasing 27 percent over the next six years — but the focus is on the risk of how much things can change.

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Filed Under: News

NEWS: California auditor lists CalSTRS' underfunding among high-risk budget issues for state

Pension & Investments Online reports on a recent report of various high-risk budget issues released by state Auditor Elaine Howle, stating that the funding ration for CalSTRS is well below what is fiscally sound. The pension fund's own actuaries have also projected that at the current rate, the retirement system will run out of money in about 30 years.

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Filed Under: News

NEWS: CalSTRS debt soars under new accounting rules

CalPensions.com reports new government accounting rules will more than double the pension debt reported by CalSTRS, boosting an “unfunded liability” that is now about $71 billion to a newly calculated “Net Pension Liability” of $166.9 billion.

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Filed Under: News