pensions Archives - California Globe

Post-Coronapocalypse Pension Reform Checklist for California

April 1, 2020 2:10 amApril 2, 2020 6:21 am

Pensions for state and local government employees in California are literally three to five times as costly as Social Security, and at least twice as costly as the Federal Retirement System. In a perfect world, California’s state and local...

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...