pension spiking Archives - California Globe

California Supreme Court Finally Rules on Case Affecting Pensions

July 30, 2020 3:32 pmJuly 31, 2020 9:20 am

On Thursday the California Supreme Court issued its ruling in the case Alameda County Deputy Sheriff’s Association vs Alameda County Employees’ Retirement Association. In plain English, this was a case where attorneys representing government unions were challenging pension reforms enacted by...

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 State Capitol dome shines against blue sky

Time for California’s Unions to Get Serious About Pension Reform

March 23, 2020 4:05 pmMarch 23, 2020 4:08 pm

An independent contractor in California has 12.4 percent withheld by the Social Security Trust Fund, and for that, they may expect a maximum of $45,480 if they retire at age 70, after nearly 50 years of work. There was a...

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...