Home » Posts tagged with » CalSTRS

A Pension Recommendation for the California Teachers Association

A Pension Recommendation for the California Teachers Association

    By Edward Ring This week a fascinating article on the website of the Education Intelligence Agency revealed that the California Teachers Association, one of the most powerful labor unions in the world, is itself having labor problems. Moreover, the labor problems they’re encountering are because they’re trying to be fiscally responsible. Setting aside for a moment all the […]

United States Department Of Justice Agrees That CalSavers Program Is Illegal

United States Department Of Justice Agrees That CalSavers Program Is Illegal

Today (13) the United States Department of Justice filed a “Statement of Interest” in the U.S. District Court agreeing with the Howard Jarvis Taxpayers Association (HJTA) in its legal action against California’s so-called “CalSavers” program. Originally called “Secure Choice,” CalSavers is a state-run retirement plan for private-sector employees. HJTA contends that it is an illegal […]

New state-run IRA for private sector opens July 1: ” If they don’t opt out in 30 days, they are automatically enrolled”

New state-run IRA for private sector opens July 1: ” If they don’t opt out in 30 days, they are automatically enrolled”

      By Ed Mendel  ” If they don’t opt out in 30 days, they are automatically enrolled” A new state workplace retirement savings program, CalSavers, will open to an estimated 250,00 to 300,000 employers on July 1 — offering an automatic IRA payroll deduction for the 7.5 million California workers with no retirement […]

Credit rating agencies concerned about California pensions costs

Credit rating agencies concerned about California pensions costs

By  Chris Reed, Calwatchdog.com A new Public Policy Institute of California poll shows the number of state residents worried about the cost of government pensions is at a 14-year low. In recent remarks to the Commonwealth Club in San Francisco, new state Superintendent of Public Instruction Tony Thurmond rejected the idea that pension costs were generally a major problem […]

Politicians can’t keep ignoring pension problem

Politicians can’t keep ignoring pension problem

  . By Stephen Frank,  California Political News and Views Has the time come for the sleeping Sacramento politicians and the very confused Guv Brown to address a problem that is collapsing city government and basic services all over the State.  Will they address the issue that is forcing school districts to FIRE teachers (i.e. San […]

California may see more ‘parent triggers’ to force school improvement

California may see more ‘parent triggers’ to force school improvement

. . By Stephen Frank As the recent WalletHub survey showed, California government schools are 46th in the nation math is 47th and reading is 46th.  As for college preparedness, we are 43rd in the nation in SAT scores.  LAUSD in 2015 had a real graduation rate of 54%.  Thanks to CalSTRS, government schools have to cut back […]

Eber: Cities bit the bullet for CalPERS failures

Eber: Cities bit the bullet for CalPERS failures

. By Richard Eber, California Political News and Views   On the eve of the Democratic Party Convention, California’s Lt. Governor Gavin Newsom in a plea for contributions for his campaign to replace Governor Jerry Brown in 2018 asked fellow progressives what issues were most important to them. At the top of his list was […]

State Controller Yee Updates Unfunded Retiree Health Care Liability

State Controller Yee Updates Unfunded Retiree Health Care Liability

The Real Cost of K-12 Education

The Real Cost of K-12 Education

By R. Claire Friend  . The annual cost of K-12 education in the United States has increased steadily for decades. For 2015, the cost is about $600 billion. Fiscal reality has not diminished the demand by politicians and their powerful union cronies for even more money, a substantial portion of which would be earmarked to […]

CalSTRS makes early move on coal divestment

CalSTRS makes early move on coal divestment

The CalSTRS board directed its staff and consultants last week to evaluate the risk of investments in thermal coal companies, look jumping ahead of pending legislation that would require CalSTRS and CalPERS to divest thermal coal holdings. Republished with permission from: CalPensions.com Senate President Pro Tempore Kevin De Leon, D-Los Angeles, has a bill that […]

Page 1 of 212