Category Archives: CalSTRS

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

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

Posted in CalPERS, CalSTRS, Steve Greenhut | Comments Off

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

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

Posted in CalPERS, CalSTRS, Pensions | Comments Off

Public employee pensions vs. a split roll for Proposition 13

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

More pension pain ahead for Fullerton

CalPERS, CalSTRS considering more rate increases By Ed Mendel, Calpensions | The state’s two largest public pension systems never recovered from huge investment losses during the deep recession and stock market crash in 2008. CalPERS lost about $100 billion and CalSTRS … Continue reading

Posted in CalPERS, CalSTRS, Pensions | Comments Off