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Supervisors Should Contribute to Pensions

Supervisors Should Contribute to Pensions

    Recently, the Board of Supervisors laudably eliminated a loophole allowing for elected Supervisors to receive compensation for serving on the Board of Retirement and Assessment Appeals Board.  However, the Supervisors continue to benefit from a highly unusual and lucrative “supplemental pay” that applies only to them, in clear violation of the intent of […]

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 […]

California Supreme Court Rules Against Union in Pension Reform Case

California Supreme Court Rules Against Union in Pension Reform Case

On March 4, 2019 the California Supreme Court upheld a decision by state lawmakers to roll back one scheme for public workers to pad their pension, but avoided ruling on the larger issue of whether retirement benefits can be taken away once promised. Ventura County Taxpayers Association joined with Howard Jarvis Taxpayers Association in an amicus curiae brief in […]

A New Approach to Pension Reform Goes to Appellate Court

A New Approach to Pension Reform Goes to Appellate Court

    By Edward Ring The recent ruling by the California Supreme Court in the case CalFire vs CalPERS has garnered much attention from pension reformers. While falling short of being a landmark ruling, the result was nonetheless encouraging. The court left open the possibility that vesting does not protect prospective benefits of current employees. The implications of that are […]

Ventura County Taxpayers Association’s Brief Urges CA Supreme Court to Reject Calif. Rule (Pension Reform)

Ventura County Taxpayers Association’s Brief Urges CA Supreme Court to Reject Calif. Rule (Pension Reform)

VCTA has filed an Amicus Brief in support of the State of California in the pension reform case of Cal Fire v. CalPERS. The brief articulates the right of the legislature to adjust future pension benefits and the grave threat to state and local economies posed by increasing pension contribution requirements and the ever increasing […]

Howard Jarvis Taxpayers Association joins Gov. Brown in critical case for pension reform

Howard Jarvis Taxpayers Association joins Gov. Brown in critical case for pension reform

The Howard Jarvis Taxpayers Association, California’s most influential taxpayer-advocacy organization, has joined Governor Jerry Brown in an effort to end a state rule that limits changes to public employee pension plans. On Wednesday (Feb. 21) HJTA submitted an amicus curiae brief in the California Supreme Court in CalFire Local 2881 v. CalPERS involving the so-called “California Rule.”  […]

CalPERS seeks legislation to avoid pension cuts

CalPERS seeks legislation to avoid pension cuts

  . By Stephen Frank,  California Political News and Views It is now apparent to Guv Brown, the Socialist Democrat party and the people of California—Calpers is collapsing and shortly cuts in retirement checks will HAVE to be made.  No way around it—unless those running government—the Democrats and the unions, want to save the retirement of […]

How Much More Will Cities and Counties Pay CalPERS?

How Much More Will Cities and Counties Pay CalPERS?

    by Ed Ring, California Policy Center  When speaking about pension burdens on California’s cities and counties, a perennial question is how much are the costs going to increase? In recent years, California’s biggest pension system, CalPERS, has offered “Public Agency Actuarial Valuation Reports” that purport to answer that question. Notwithstanding the fact that CalPERS […]

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, […]

Underfunded Pensions Could Spark Wave Of ‘Precedent Setting’ Reforms

Underfunded Pensions Could Spark Wave Of ‘Precedent Setting’ Reforms

Underfunded pensions plans are possibly one of the most significant headwinds facing companies and public-sector bodies today. Despite record high stock markets and a bond bull market that has lasted for many decades, corporate pension plans are still chronically underfunded as fees and poor investment performance have eroded gains. Furthermore, pension trustees have struggled to […]

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