pension
California
City still reeling from court blocking 2012 pension reform
San Diego voters tried to rein in the city’s runaway public employee pension obligations when they approved a 2012 measure that would change the system. Union bosses and the courts had other ideas, though, and the results were scrapped by the California Supreme Court. The ripples of that ruling have ...
Blog
Public pension reform needed to balance state budget
The Miracle Of Defined Contributions
The headline says “Florida has an answer” and if so there could be any number of public policy dilemmas that the state has solved, but in this case it’s government employee pensions. California also knows the answer, but there can be a sizable gap between having knowledge and applying it. ...
Blog
Read latest about state pension problem
ESG and CalPERS Sub-par Investment Returns
CalPERS has one core social responsibility – maximizing returns to help secure the retirement of millions of current and future pensioners. The pension fund is also a major proponent of Environmental, Social, and Governance (ESG) investing. CalPERS claims that ESG “disclosures provide important metrics to understand how a company’s practices ...
Blog
Spiraling pension costs still crowding out city services
Spiraling pension costs still crowding out city services by Edward Ring About 20 years ago, I read an ad in a local Sacramento newspaper that said, “Get a government job and become an instant millionaire.” The ad described how public officials in California enjoyed benefits private sector employees can rarely ...
City still reeling from court blocking 2012 pension reform
San Diego voters tried to rein in the city’s runaway public employee pension obligations when they approved a 2012 measure that would change the system. Union bosses and the courts had other ideas, though, and the results were scrapped by the California Supreme Court. The ripples of that ruling have ...
Public pension reform needed to balance state budget
The Miracle Of Defined Contributions
The headline says “Florida has an answer” and if so there could be any number of public policy dilemmas that the state has solved, but in this case it’s government employee pensions. California also knows the answer, but there can be a sizable gap between having knowledge and applying it. ...
Read latest about state pension problem
ESG and CalPERS Sub-par Investment Returns
CalPERS has one core social responsibility – maximizing returns to help secure the retirement of millions of current and future pensioners. The pension fund is also a major proponent of Environmental, Social, and Governance (ESG) investing. CalPERS claims that ESG “disclosures provide important metrics to understand how a company’s practices ...
Spiraling pension costs still crowding out city services
Spiraling pension costs still crowding out city services by Edward Ring About 20 years ago, I read an ad in a local Sacramento newspaper that said, “Get a government job and become an instant millionaire.” The ad described how public officials in California enjoyed benefits private sector employees can rarely ...
