Category Archives: Pensions

Don’t let California become Chicago

By Jon Coupal | Well, it happened again. Homeowners in Chicago now face yet another property tax increase to pay for the city’s mounting pension debt. Local taxpayers have already been slammed with nearly $1.1 billion in property tax increases, … Continue reading

Posted in Howard Jarvis Taxpayers Association, Jon Coupal, Pensions, Prop. 13, Property Taxes | Leave a comment

Gov. Brown finally spends political capital to fix California’s pension system

By Steven Greenhut | Gov. Jerry Brown has more political capital than, perhaps, any modern politician has had in this state. He’s an iconic figure and smarter than almost anyone else in the Capitol, so he can pretty much have … Continue reading

Posted in Pensions, Steve Greenhut | Leave a comment

A crucial pension reform Congress must enact

By John Moorlach | Regardless of what else is done, here’s the missing piece Congress and President Trump must add to the tax reform they’re working on: public-employee pension reform. What good is it if you get $500 in tax … Continue reading

Posted in John Moorlach, Pensions | Comments Off

California should be able to reduce public employees’ pension benefits, Jerry Brown argues

By Adam Ashton | Gov. Jerry Brown got most of what he wanted when he carried a proposal to shore up the state’s underfunded public employee pension plans by trimming benefits for new workers. Five years later, he’s in court … Continue reading

Posted in Pensions | Comments Off

California’s public pension crisis is bad and getting worse

California’s two major public pension systems — CalPERS and CalSTRS — are underfunded and are asking local governments like the City of Fullerton to pay more to cover the gap: (Emily Zentner / The Sacramento Bee)

Posted in Pensions | Comments Off

Out-of-control pension costs could doom local governments across California

By Andrea Seastrand | With unemployment is at its lowest point in a decade and a stock market at all-time highs, this is not a time when we would expect to see California local governments like the city of Oroville … Continue reading

Posted in Pensions | Comments Off

Assemblyman Daly’s cynical bill shows why public-sector abuses are rampant

By Steven Greenhut | Whenever I write about some of the absurd benefits and gamesmanship that flourish within California’s public sector, people write back in disbelief. They have no idea of the many special payments and protections afforded to the … Continue reading

Posted in Pensions, Steve Greenhut | Comments Off

Fullerton’s $100,000 Pension Club membership increased 157% in four years

Following up on recent posts about the $100,000 Pension Club (here and here), we looked back to see how fast this group is growing in the City of Fullerton. According to the most recent data, in 2016 there were 90 … Continue reading

Posted in Pensions | 1 Comment

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

America’s public pension crisis and taxpayer risk

Charles Millard — former head of the Pension Benefit Guaranty Corporation — talks with CNBC’s Rick Santelli about how massive public pension shortfalls are being understated: Millard has been a longtime subscriber to the daily headline mailings from PensionTsunami.com.

Posted in Pensions | Comments Off