Category Archives: Pensions

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

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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Broad range of stakeholders file amicus briefs urging California Supreme Court to reject the ‘California Rule’

Five organizations filed amicus briefs last week in support of the State of California in the pension reform case of Cal Fire v. CalPERS. Each brief articulates the constitutional right of the legislature to adjust future pension benefits and the … Continue reading

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HJTA files amicus brief in critical pension reform case

The Howard Jarvis Taxpayers Association, California’s most influential taxpayer-advocacy organization, has joined Governor Jerry Brown in an effort to end a state rule that limits changes to public employee pension plans. On Wednesday, HJTA submitted an amicus curiae brief in … Continue reading

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

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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Market downturn is a triple whammy for Californians

By Richard Rider | Most of us are less wealthy than last week. The stock market and crypto-currencies took dramatic tumbles. But it’s actually a triple whammy — especially for Californians. Not only did our investments, IRAs and 401(k)s take … Continue reading

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Surging pension costs push more California cities toward bankruptcy

By Dan Walters | From one end of California to the other, hundreds of cities are facing a tsunami of pension costs that officials say is forcing them to reduce vital services and could drive some—perhaps many—into functional insolvency or … Continue reading

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

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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Cases now before the state Supreme Court could open the door to pension cuts for California public employees

From KPIX-TV 5 in San Francisco:

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CalPERS is about to bury taxpayers in more debt

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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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

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