CalSTRS Archives - California Globe

Pension Costs Are Not the Reason California’s Schools Fail the Disadvantaged

October 21, 2020 3:38 pmOctober 21, 2020 5:36 pm

A recent guest editorial published by Bakersfield.com entitled “California’s defunding of public education” makes the case that a “pension contribution maneuver” has left school districts up and down the state with shrinking budgets. The author, Shaohua Yang, gets many of his facts...

CTA Employees Have a Pension Plan Twice as Good as the Teachers They Represent

August 12, 2020 2:26 amAugust 11, 2020 8:19 pm

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 are encountering are because...

Sen. John M. W. Moorlach. (Kevin Sanders for California Globe)

Why Sen. John Moorlach Opposes California’s State Budget

June 16, 2020 11:02 am

Senator John M.W. Moorlach (R-Costa Mesa) is the only CPA in the State Legislature. As such, his dire warnings about California’s budget deficit need to be considered. California Globe watched all of the budget debate Monday, and as usual, Moorlach schooled the Senate...

State Supreme Court to Begin Hearings on Public Worker Pension Reductions Next Week

May 2, 2020 2:11 amMay 1, 2020 8:26 pm

The State Supreme Court will begin oral arguments early next week on a case that may drastically reduce public worker pensions that had been boosted to receive higher totals. State and county pensions face reductions Alameda County Deputy Sheriff’s Association...

California’s K-12 Spending Exceeds $20,000 Per Pupil

March 3, 2020 9:40 amMarch 3, 2020 3:53 pm

“It’s not enough. We’re still 41st in the nation in per pupil funding. Something needs to change. We need to have an honest conversation about how we fund our schools at a state and local level,” – Governor Gavin Newsom,...

Gov. Newsom’s Climate Change Executive Order Looting Road Funds Short on Details, Long on ‘Social Investing’

December 5, 2019 2:15 amDecember 6, 2019 6:42 am

‘There’s a growing understanding that climate change is a material risk to investors and companies just like cyber-terrorism or inflation.’ Recently California Gov. Gavin Newsom signed an Executive Order authorizing the looting of voter-approved gas tax funding for road repairs...

Pension Reform Waits for California Supreme Court

November 27, 2019 11:44 amNovember 27, 2019 11:44 am

“When local government has reached the point where it’s spending nearly as much on pensions as it spends on base salaries, you still can’t do much.” With markets fitfully advancing after a nearly two year pause, the need for pension reform...