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The Financial Impact of Pension Obligations on Ventura County

The Financial Impact of Pension Obligations on Ventura County

By Ed Ring Reposted with permission of: http://unionwatch.org/ The rare problem of high pensions going to top public executives was solved last year by state legislation. Pensions will now be based on the salary cap for Social Security taxes: $117,000…  The highly exaggerated “unfunded liability” problem is resolving as the stock market and tax revenues […]

Peter Foy on Ventura County Pension Reform Ballot Initiative

Peter Foy on Ventura County Pension Reform Ballot Initiative

By Peter Foy Video: Taxpayers Fight Ventura’s $300,000 Government Retirement Pay: Peter Foy supports Ventura County Taxpayers Association’s  ballot initiative for pension reform. This will not only contain costs in an even handed way but will protect employee pensions and Ventura County itself from insolvency.  The current system is unsustainable. Peter Foy is a Ventura […]

Calpensions identifies poster child for pension reform initiative

Calpensions identifies poster child for pension reform initiative

Backers of an initiative that would give new Ventura County employees a 401(k)-style plan, rather than a pension, sometimes mention a lawsuit filed last fall by a former sheriff. Bob Brooks, whose salary as Ventura County sheriff was $227,600 a year when he retired in January 2011, received an annual pension of $283,000. He filed […]