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Superior Court Judge Bendix Finalizes AOCDS Victorious Pension Litigation

June 02, 2010 - 02:41 AM

Notice of Entry of Judgment.pdf

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Fresno Bee Editorial: “Unions are Acting Badly”

June 12, 2010 - 09:07 AM

I think it's safe to say that there is one group of Americans out there that hasn't been reading the newspaper or following developments in the economy, and the resulting decline in tax revenue to state and local government, and that would be the public employee unions. Their behavior across the country has become a national embarrassment, and as they move toward violence and engage in hate speech, the public naturally wonders: "Do they not understand that government is broke?...

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CalPERS to Reconsider Higher State Pension Payment

June 12, 2010 - 09:04 AM

CalPERS next week will again confront the delicate question of whether to impose a $600 million increase in the state's annual contribution to the pension fund...

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OC Register: “Hateful, Vile’ Video Fuels Pension War Rhetoric

June 12, 2010 - 08:53 AM

Gov. Arnold Schwarzenegger has vowed not to sign California’s budget unless it includes pension reform. “It doesn’t matter how long it drags—into the summer or fall or into November or after my administration—and I think the people will support that,” he told Politico...

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ARNOLD SCHWARZENEGGER AND DENNIS HOLLINGSWORTH: Pension reform essential to California’s future

June 02, 2010 - 03:24 AM

California is in the midst of one of the worst recessions in its history. While we can point to a variety of factors that led us to this, we are clearly seeing that government cannot continue to do business as usual...

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Pact Reached on Smaller City Pensions

June 02, 2010 - 03:20 AM

— The Solana Beach City Council has reached a new agreement with the main city employees union that is expected to help control salaries and reform the city’s pension plan over the next three years...

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Cal STRS to Reduce Forecast of Investment Returns

June 02, 2010 - 03:11 AM

The state's teacher pension fund is about to reduce its official forecast of investment returns by half a percentage point, a move that could cost state and local taxpayers hundreds of millions of dollars...

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Orange County Supervisors Set to Take Stand on Outing Highly Compensated Pensioners

June 02, 2010 - 03:05 AM

The Orange County Supervisors will soon take a position on the ongoing battle between a pension advocacy group, the Orange County Register and the Orange County Employees Retirement System over the retirement system's refusal to release names of officials receiving six figure retirements....

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Retiree health care: Can $118 billion be saved?

December 18, 2009 - 10:51 AM

San Diego officials think a federal court ruling will allow a cut in one of the biggest debts owed by California state and local governments — $118 billion or more promised public employees for retiree health care.

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County’s Retirement Liability Tops $1 Billion

December 18, 2009 - 10:50 AM

 

Kern County's retirement system now owes its retirees $1.2 billion more than it has. An actuary told a Kern County Employees Retirement Association committee Wednesday it has only 69 percent of the money it needs to fund future pension obligations to its retirees and employees.

 

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Workers Forced to Raise Pension Contribution Under Proposal

December 18, 2009 - 10:49 AM

Drawing down the burgeoning costs of The City’s expensive and draining pension system may be placed in the hands of voters.

Supervisor Sean Elsbernd and Mayor Gavin Newsom are supporting a charter amendment, which will be introduced today for the June ballot, that would tackle The City’s taxing pension system.

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Pension Disaster Closes In

December 18, 2009 - 10:48 AM

Stock market losses, richer benefits and underfunding have combined to call for a rate spike from 4.8 to 29 percent in three years.

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R.I.‘s Pension Pickle

December 18, 2009 - 10:47 AM

Rhode Island’s pension picture is getting increasingly alarming. Soaring unfunded liabilities are pushing the state toward bankruptcy, and putting a mounting strain on both state and local budgets. Money that could be spent on such vital (and job-creating) services as road, bridge and train-station repairs is instead being siphoned off to fund pensions that are, in general, vastly more generous than in the private sector.

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CalPERS lost $1 billion on blind purchase

November 29, 2009 - 03:41 PM

The level of trust, or gullibility, in the new global world of high finance before the meltdown last year is starkly revealed in a lawsuit filed by CalPERS against three credit-rating agencies.

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Pasadena Star-News:  CalPERS Leader Sees Need for Pension Reform

November 29, 2009 - 03:40 PM

 WHEN he visited The Bee's editorial board last week, Rob Feckner, president of the California Public Employees Retirement System Board, didn't deliver many surprises.

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