Category Archives: CalPERS

2017 CalPERS pension data for Fullerton now online

Posted on March 12, 2018 by Editor

CalPERS payouts approach $21 billion, up 43% over past 5 years Today, TransparentCalifornia.com — California’s largest public pay database — released pension payout data for the California Public Employees’ Retirement System (CalPERS) for the fiscal year ending July 31, 2017. The data … Continue reading →

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Former Fullerton cop to serve jail time, but keep full CalPERS pension

Posted on February 28, 2018 by Editor

An excellent post yesterday by David Curlee on the Friends for Fullerton’s Future blog describes the end result of a plea bargain by former Fullerton cop Miguel “Sonny” Siliceo. It has ensured that his CalPERS pension will be left intact … Continue reading →

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New CalPERS pension payment schedule will squeeze Fullerton’s budget even more

Posted on February 14, 2018 by Editor

By Adam Ashton, Sacramento Bee | California cities struggling with recent hikes in their pension fees will see another one in 2021 because of a decision CalPERS made on Tuesday to speed up the rate of their debt payments. The … Continue reading →

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How much more will cities and counties have to pay CalPERS?

Posted on January 14, 2018 by Editor

By Ed Ring | When speaking about pension burdens on California’s cities and counties, a perennial question is how much are the costs going to increase? In recent years, California’s biggest pension system, CalPERS, has offered “Public Agency Actuarial Valuation … Continue reading →

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CalPERS is about to bury taxpayers in more debt

Posted on December 18, 2017 by Editor

By Daniel Borenstein | Brace yourself taxpayers: CalPERS is about to bury you deeper in debt. The nation’s largest pension system is expected to adopt a funding plan this week that anticipates shortfalls during the next decade and then banks on … Continue reading →

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CalPERS is shocked – just shocked – to find cities reeling under the burden of growing pension debt

Posted on November 22, 2017 by Editor

By Steven Greenhut | The California Public Employees’ Retirement System’s union defenders feign shock whenever pension reformers accuse it of “kicking the can down the road” in dealing with the state’s mounting pension debt. It’s like the scene from Casablanca, … Continue reading →

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California’s statewide ‘$100,000 Pension Club’ membership stands at 62,474

Posted on October 25, 2017 by Editor

Transparent California has announced that it has now received the most current pension payout data from almost all of California’s state, county and city pension funds. According to this data there were at least 62,474 retired public employees who collected pensions of … Continue reading →

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Fullerton’s ‘$100,000 Pension Club’ now has 90 members

Posted on October 22, 2017 by Editor

Transparent California recently updated its website with 2016 pension data for the City of Fullerton. Following is a list of the 90 retired Fullerton city employees (out of a total of 696 retirees) who are receiving annual pensions of $100,000 … Continue reading →

Posted in CalPERS, Pensions | 2 Comments

Public employee pensions vs. a split roll for Proposition 13

Posted on October 12, 2017 by Editor

By Joel Fox | I guess I should use the old vaudeville line: Stop me if you’ve heard this one: the push to increase commercial property taxes is about government pension costs. Returning to this subject at this time (I … Continue reading →

Posted in CalPERS, CalSTRS, Joe Nation, Joel Fox, Pensions, Prop. 13 | Comments Off

Cities facing fiscal mess plead with CalPERS as pensions consume budgets

Posted on September 27, 2017 by Editor

By Steven Greenhut | If you ask the union-controlled California Public Employees’ Retirement System about the state’s looming pension crisis, you’re likely to get this answer: What pension crisis? But the story was much different at CalPERS’ own Finance and … Continue reading →

Posted in California Policy Center, CalPERS, Pensions, Public Employee Unions, Steve Greenhut | Comments Off