Category Archives: Pensions

The Federal Reserve tells a big truth

By David Crane | On September 20, the Federal Reserve recognized a truth long covered up by California’s public pension funds. In its latest quarterly Financial Accounts report the Fed revised its measure of unfunded pension liabilities owed by state and local … Continue reading

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The real story behind Sacramento’s push for tax hikes: pension red ink

Editorial, San Diego Union-Tribune | Two bold proposals to increase both taxes and what can be taxed illustrate how California’s elected leaders are failing to be honest with voters about the nature of the budget problems facing the state. The … Continue reading

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Transparent California executive director talks with John and Ken

Robert Fellner, executive director of the pension data website Transparent California, was a guest yesterday on the  John and Ken Show on KFI Radio. They discussed the latest report in which Transparent California documented a nearly 900% increase in promised CalPERS … Continue reading

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Sen. John Moorlach explains California’s financial crisis at a Huntington Beach Town Hall

On July 12, state Senator John Moorlach (R-Costa Mesa), took part in a panel discussion on social investing for our state pension system (CalPERS) at a Town Hall in Huntington Beach. You can view the video here: Also participating were … Continue reading

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More pension math: CalPERS’ and CalSTRS’ investment earnings

By David Crane | Triggered by recent earnings reports from CalPERS and CalSTRS, some readers have asked why California’s pension funds are underperforming the overall stock market. For example, for the fiscal year just ended June 30, 2018, CalSTRS and … Continue reading

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Nearly 900% increase in CalPERS benefits dwarfs economic growth, taxpayers’ ability to pay

The total pension benefits promised by the California Public Employees’ Retirement System (CalPERS) increased 886 percent from 1987-2016 — a rate 21 times greater than the cumulative increase in the state’s population, according to a just-released analysis from Transparent California. … Continue reading

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Coy about taxes and pension costs

By Dan Walters, CALmatters | California’s economy may be booming, but throughout the state, local governments—including school districts—are feeling the financial pinch and asking their voters to approve new taxes of one kind or another. There were 111 local tax … Continue reading

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Janus court decision is a big win for Californians

By John Moorlach | The U.S. Supreme Court’s Janus v. American Federation of State, County, and Municipal Employees decision struck a strong blow for freedom, not just for public employees, but all Americans. This is especially true for Californians. The … Continue reading

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‘Big Three’ items are eating state revenues

By David Crane | California’s General Fund tax revenues have grown nearly 50 percent since a tax increase in 2012. But funding for most services has grown at a fraction of that pace, e.g., funding for courts has grown only 12 percent. … Continue reading

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Public employee pension costs endanger California cities’ budgets

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