Tag: PEPRA
Pension Costs Are Not the Reason California’s Schools Fail the Disadvantaged
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...
Why is the Prison Guards Union Targeting Senator Moorlach?
In a tight race, incumbent Republican state senator John Moorlach has been targeted by the prison guards union. In a report filed on October 1, the California Correctional Peace Officers Association Independent Expenditure Committee disclosed spending $910,705 on cable television ads...
California Supreme Court Finally Rules on Case Affecting Pensions
On Thursday the California Supreme Court issued its ruling in the case Alameda County Deputy Sheriff’s Association vs Alameda County Employees’ Retirement Association. In plain English, this was a case where attorneys representing government unions were challenging pension reforms enacted by...
Rates of Pay and Pension Debt Escalating in California’s Distressed Cities
Nobody needs reminding that California’s cities, like every other going concern in America, are heading for tough economic times. As recently as two months ago, robust collections of sales taxes, utility taxes, transient occupancy taxes, property taxes and other sources...
Post-Coronapocalypse Pension Reform Checklist for California
Pensions for state and local government employees in California are literally three to five times as costly as Social Security, and at least twice as costly as the Federal Retirement System. In a perfect world, California’s state and local...
Is California’s Fi$cal Health Cause for Worry?
While California’s elected politicians are waging a legal and media war on the Trump administration, has the state’s economic status improved under Trump’s economic policies, or are California’s high taxes and restrictive regulations still chilling the economy? The state unemployment...