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California Supreme Court | Prop B Pension Reform Still In Place, But Lower Court May Consider Remedy

California Supreme Court | Prop B Pension Reform Still In Place, But Lower Court May Consider Remedy

The California Supreme Court today issued a ruling on Prop B – San Diego’s landmark Pension Reform Initiative adopted by 67% of San Diego voters in 2012. Government labor unions have been seeking to invalidate the entire measure and had filed three separate legal challenges over the years. Today’s action dealt with the government union’s bizarre […]

Pension Reform – The San Jose Model

Pension Reform – The San Jose Model

. by Ed Ring . Pension reform in San Jose began in June 2012 when voters, by a margin of 69% to 31%, approved Measure B. Despite overwhelming support from voters, however, this vote triggered a cascade of union funded lawsuits which by 2015 had overturned several of the key provisions of the reform measure. Finally, […]

Real pension reform in California by Richard Eber

Real pension reform in California by Richard Eber

 . By Richard Eber, California Political News and Views   I’m sick of it.  When it comes to the failing public employee pension programs in California, it is easy to relate to iconic character Howard Beal in the move classic  Network who quipped ‘I’M AS MAD AS HELL, AND I’M NOT GOING TO TAKE THIS […]

Public Safety Unions and the Financial Apocalypse

Public Safety Unions and the Financial Apocalypse

VCTA former Chair David Grau running for VC Supervisor against Bennett

VCTA former Chair David Grau running for VC Supervisor against Bennett

Ventura County Taxpayers Association     Former VCTA Chair in District 1 Race By now, it is clear to many in Ventura County District 1 that David Grau, former Chairman of the Ventura County Taxpayers Association, is going to make his bid to win a seat on the Board of Supervisors in 2016.   Dave’s […]

Pension reform initiative reworked

Pension reform initiative reworked

By James Poulos . The leaders of California’s pension reform movement have scrapped their previous effort, introducing two new schemes instead. The news added a fresh twist to the state’s long-running game of political cat and mouse, which has seen state officials labor to cast would-be reforms in a negative light. Switching gears Previously, former San Jose Mayor Chuck Reed […]

Why Pension Reform is Inevitable, and How Reforms Can Benefit the Economy

Why Pension Reform is Inevitable, and How Reforms Can Benefit the Economy

 By Ed Ring . CalSTRS Chief Investment Officer Chris Ailman, Sacramento Bee, July 17, 2015 If what Mr. Ailman really means is equity investments may not be turning in double digit returns any more, that makes the recent performance of CalSTRS and CalPERS all the more troubling. Because according to their most recent financial statements, […]

Government Pension Crisis Exploding in California

Government Pension Crisis Exploding in California

   

Pension Reformers are not “The Enemy” of Public Safety

Pension Reformers are not “The Enemy” of Public Safety

By Ed Ring  . “You will find that powerful financial and investment institutions are the ones promoting the attacks on your pensions. Firms like Berkshire-Hathaway and the Koch brothers are backing political candidates and causes all over the country in the hopes of making this issue relevant and in the mainstream media. Why? Because if […]

Pension Reform is BAD for Wall Street, and GOOD for California

Pension Reform is BAD for Wall Street, and GOOD for California

By Ed Ring . “His idea [Mayor Chuck Reed’s] of pension reform is, pill you sign up for one pension system, we’re going to change it now in mid career, and now you’re going to get something different.” Lou Paulson, President, California Professional Firefighters (ref. CPF Video,  April 1, 2015) The biggest problem with Mr. Paulson’s comment […]

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