Category Archives: Pensions

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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Fullerton’s ‘$100,000 Pension Club’ now has 98 members

Transparent California recently updated its website with 2017 pension data for the City of Fullerton. Following is a list of the 98 (last year it was 90) retired Fullerton city employees (out of a total of 707 retirees) who are … Continue reading

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New CalSTRS data shows Orange County’s ‘$100,000 Pension Club’ grew 97% over past five years

The number of retired Orange County educators collecting pensions of $100,000 or more from the California State Teachers Retirement System (CalSTRS) has nearly doubled since 2012, according to just-released pension payout data from TransparentCalifornia.com. Last year, 1,989 CalSTRS members who retired from … Continue reading

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