Archive for the ‘ Counties ’ Category

Calpensions: Detroit-style pension cuts: could it happen here?

question-mark

By Ed Mendel
July 28, 2014

Bankrupt Detroit announced last week that current workers and retirees voted overwhelmingly to cut many pensions by 4.5 percent and to trim or eliminate cost-of-living adjustments.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Jul. 14, 2014 – 12:00 am

Ever since Stockton filed for bankruptcy two years ago, Judge Christopher Klein has strongly hinted that he’s willing – perhaps even eager – to declare that city employee pension obligations are debts that could be trimmed along with those of more conventional creditors.

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Lobbying

By Ben Baeder, Whittier Daily News
Posted: 07/06/14, 6:03 PM PDT | Updated: 31 mins ago

At an increasing pace, your local government is spending your tax money paying lobbyists to get some more of your own tax money sent back to your community.

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Calpensions: Can local voters phase out county pensions?

pensions

By Ed Mendel
Monday, June 30, 2014

An initiative that would phase out Ventura County employee pensions is headed for a court test, challenged by a union lawsuit contending the change requires state legislation.

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CapitolWeekly: Locals pay tab for open government

Capitol Weekly

By SAMANTHA GALLEGOS
Posted 06.08.2014

State lawmakers and voters agree on one thing: transparency in government.

Local government, that is. State government remains exempt.

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Calpensions: New step to expose hidden retiree health debt

Calculator

By Ed Mendel
Monday, June 2, 2014

A decade ago new accounting rules directed state and local governments to begin calculating and reporting debt owed for health care promised retirees, which for state workers turned out to be more than the debt owed for pensions.

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VVDailyPress: Local governments to net more than $1 billion in tax revenue

BOE

May 23, 2014 5:12 PM
STAFF REPORTS

SACRAMENTO — The California State Board of Equalization has announced that local governments will collect $1.075 billion in tax revenue in the upcoming fiscal year.

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SacBee: Dan Walters: Pensions back on the agenda in Stockton’s bankruptcy

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Thursday, May. 15, 2014 – 6:16 pm

From the onset of Stockton’s journey through bankruptcy, Judge Christopher Klein has implied, both through comments and rulings, that he sees it as a potential test of whether public employee pensions are debts that could be reduced.

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Capitol Alert
The latest on California politics and government
May 13, 2014

California’s formula to distribute money to help pay for public safety realignment lacks incentives and transparency, according to a new report by the Legislature’s nonpartisan fiscal analyst.

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Calpensions: County pension funds can still tap excess earnings

Pension Reform

By Ed Mendel
Monday, May 12, 2014

An Assembly committee last week approved a bill aligning the state law covering 20 county retirement systems with federal tax law, disappointing some who want to bar the use of “excess” investment earnings for retiree health care and other purposes.

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SacBee: Realignment puts heavy pressure on jails, PPIC report says

Capitol Alert
The latest on California politics and government
May 7, 2014

The “realignment” that Gov. Jerry Brown championed to reduce overcrowding in state prisons has, in turn, created overcrowding in county jails that were already in some distress, according to a new study by the Public Policy Institute of California.

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By DON THOMPSON / ASSOCIATED PRESS
Published: April 19, 2014 Updated: 2:49 p.m.

SACRAMENTO – Gov. Jerry Brown has been quietly visiting California counties since the start of the year to see how they are faring under his 3-year-old realignment law that dramatically altered the state’s criminal justice system by increasing the burden on local governments.

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The Sun: San Jose mayor warns Claremont audience of pension ‘crisis’

Pension Reform

By Ryan Hagen, The Sun
Posted: 04/17/14, 10:54 PM PDT | Updated: 16 secs ago

CLAREMONT >> Skyrocketing pension costs threatened San Jose’s ability to pay for services and will have the same effect in cities and counties up and down the state if changes aren’t made, that city’s mayor told students and others at Claremont McKenna College on Thursday night.

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Calpensions: Judge finds no ‘vested right’ to spiked pensions

By Ed Mendel
Monday, March 10, 2014

A superior court judge last week said he plans to uphold a key part of a new state law that curbs ‘spiking’ in county retirement systems, notorious for giving retirees pensions that are much higher than the salaries they earned on the job.

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Calpensions: Three new rulings on retiree health care cuts

By Ed Mendel
Monday, March 3, 2014

A federal appeals court last week gave Sonoma County retirees another chance to show that an implied contract gave them vested rights to retiree health care, preventing the benefit from being cut to $500 a month.

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DailyBulletin: California’s pension increases were expected, not welcomed

calpers

By Ryan Hagen, San Bernardino Sun
Posted: 02/19/14, 7:25 PM PST |

Leaders of local governments said Wednesday they had been preparing for the increased pension payments they’ll have to pay because of revised assumptions the California Public Employees’ Retirement System board made Tuesday — but hadn’t grown any more comfortable with the sacrifices it will cause.

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Calpensions: CalPERS rate hike: governor wins, cities lose

calpers

By Ed Mendel
Wednesday, February 19, 2014

A divided CalPERS board yesterday approved a faster rate hike for the state urged by Gov. Brown, but opposed by unions. A proposal to give struggling cities the option of more time to phase in the rate hike, seven years instead of five, was rejected.

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SacBee: CalPERS poised to raise rates, but not on Brown’s timetable

calpers

By Dale Kasler
dkasler@sacbee.com
Published: Wednesday, Feb. 12, 2014 – 10:28 pm

CalPERS and Gov. Jerry Brown agree the pension fund needs to significantly raise its contribution rates to keep up with ever-increasing life expectancies.

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METRO

Daniel Borenstein

By Daniel Borenstein, Staff Columnist
Posted: 02/07/2014 12:00:00 PM PST
Updated: 02/09/2014 08:10:25 AM PST

Kudos to Gov. Jerry Brown for demanding last week that CalPERS stop kicking pension debt further down the road. Too bad he hasn’t applied the same standard to the CalSTRS shortfall.

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Calpensions: Faster rate hikes sought for CalPERS and CalSTRS

calpers

calstrs

By Ed Mendel
Thursday, February 6, 2014

Gov. Brown yesterday urged CalPERS to speed up a $1.2 billion rate increase needed because workers are living longer. Assembly Speaker John Perez said last week he wants to speed up a $4.5 billion CalSTRS rate hike plan, acting this year not next year as the governor suggested.

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SacBee: Government reform group launches public pension database

The State Worker

The State Worker with Jon Ortiz
Chronicling civil-service life for California state workers
By Jon Ortiz
jortiz@sacbee.com
Published: Tuesday, Feb. 4, 2014 – 12:00 am

A conservative Southern California group has launched a public pension database that includes retirees’ names, their annual pension payments, years of service, last employer and year of retirement.

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LATimes: California drought could force key water system to cut deliveries

174285_drought_lake_cachuma_BRV_

The water level in Lake Cachuma is dropping, in part because of sustained drought conditions across the state. (Brian van der Brug, Los Angeles Times / January 14, 2014)

By Bettina Boxall
January 31, 2014, 9:24 p.m.

Officials Friday said that for the first time ever, the State Water Project that helps supply a majority of Californians may be unable to make any deliveries except to maintain public health and safety.

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The PE: PUBLIC FINANCE: State tax take rises in 2012-13

Money

January 27, 2014; 04:41 PM

The California State Board of Equalization has released its annual report for fiscal year 2012-2013 highlighting more than $56 billion in California taxpayer revenue, a $3.6 billion gain from the previous year.

To read story by Debra Gruszecki in The Press Enterprise, click here.

LADailyNews: Red-light cameras being stopped

red-light-camera3

By Steve Scauzillo, San Gabriel Valley Tribune
Posted: 01/21/14, 5:34 PM PST |

Red-light cameras — controversial traffic enforcement devices that can ding an unsuspecting motorist for $500 a pop for minor infractions like illegally turning right on red — are slowly fading to black.

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By Jim Miller
jmiller@sacbee.com
Published: Monday, Jan. 20, 2014 – 8:22 pm

The unwinding of California’s former anti-blight program has become a grinding courtroom fight involving more than 100 active lawsuits, with the state in recent weeks suffering legal setbacks that ultimately could cost it billions.

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CCTimes: Daniel Borenstein: Time for CalPERS to get real about life expectancy

METRO

Daniel Borenstein

Daniel Borenstein, staff columnist
Posted: 01/17/2014 01:43:25 PM PST
Updated: 01/17/2014 02:51:52 PM PST

State and local governments face more pension rate increases as the nation’s largest retirement fund continues to fix its flawed accounting, this time by acknowledging that future generations will live longer.

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SacBee: CalPERS reports higher investment gains

calpers

By Dale Kasler
dkasler@sacbee.com
Published: Monday, Jan. 13, 2014 – 11:35 pm

CalPERS reported its best annual investment gains in a decade Monday, a development that could alter the political climate as another fight looms over pension reform.

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SacBee: Dan Walters: California pension reform movement clears one hurdle

Dan Walters

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Tuesday, Jan. 7, 2014 – 4:26 pm
Last Modified: Tuesday, Jan. 7, 2014 – 10:17 pm

Two years ago, a campaign to overhaul public pensions in California was short-circuited when Attorney General Kamala Harris’ office issued a “title and summary” that was obviously slanted against the proposed ballot measure.

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Calpensions: CalPERS plans rate hike, third in last two years

calpers

By Ed Mendel
Monday, January 6, 2013

To cover the cost of retirees living longer, the CalPERS board next month is expected to approve the third rate hike in the last two years, phasing in the increase to soften the blow on state and local governments.

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Calpensions: Pension initiative gets mixed LAO cost analysis

By Ed Mendel
Monday, December 23, 2013

A pension reform initiative proposed by San Jose Mayor Chuck Reed and others got a mixed cost analysis last week from the nonpartisan Legislative Analyst’s Office, quickly trumpeted by opponents.

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Dan Walters

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Wednesday, Dec. 4, 2013 – 12:00 am

A legal showdown over pension obligations in municipal bankruptcies was averted in both Vallejo and Stockton, largely because officials in both chose not to make that fight.

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By Dale Kasler
dkasler@sacbee.com
Published: Tuesday, Dec. 3, 2013 – 9:13 am

It was a gold-plated promise: A career in government meant a safe and sound pension, no matter what.

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Calpensions: Retiree health: bigger budget bite than pensions?

Pension Reform

By Ed Mendel
Monday, December 2, 2013

The rapidly growing cost of state worker retiree health care, a more generous benefit than received by active state workers, soon could be taking a bigger bite out of the state general fund than pensions.

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Calpensions: CalPERS investment change unlikely to raise rates

pensions

By Ed Mendel
Monday, November 18, 2013

An increase in CalPERS employer rates from switching to a less risky but lower-yielding investment portfolio seemed unlikely after a two-day board workshop last week. A final decision may not be made until February.

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Dan Walters

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Nov. 17, 2013 – 12:00 am

Public employee union propaganda notwithstanding, California has a serious public pension problem.

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California Seal

By Brad Branan
bbranan@sacbee.com
Published: Wednesday, Oct. 23, 2013 – 6:32 pm
Last Modified: Thursday, Oct. 24, 2013 – 8:07 am

California is not providing counties enough funding to incarcerate and rehabilitate offenders it has sent to local jails and probation offices in the last two years, criminal justice advocates and officials said Wednesday.

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Calpensions: Pension reform initiative would ‘empower’ cities

Pension Reform

By Ed Mendel
Monday, October 14, 2013

San Jose Mayor Chuck Reed may soon file a proposed statewide initiative aimed at allowing cuts in pensions earned by current workers in the future, triggering an all-out battle with labor and possibly with CalPERS.

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The PE: EMINENT DOMAIN: Federal judge dismisses underwater mortgages suit

U.S.-District-Court

A judge says it’s not time for courts to intervene in the fray between Richmond and loan holders over eminent domain

September 17, 2013; 11:27 AM

U.S. District Court Judge Charles Breyer on Monday dismissed a lawsuit that Wells Fargo and several of the nation’s largest mortgage investors filed to try to stop the city of Richmond from using its power of eminent domain to seize underwater mortgages for a principal reduction program.

To read story by Debra Gruszecki in The Press Enterprise, click here.

The Sun: Proposed program for underwater mortgages continues to stir the pot

foreclosure_0204

By Joe Nelson, San Bernardino Sun
Posted: 09/15/13, 6:30 PM PDT |

As the city of Richmond attempts to move forward with a controversial proposal to use eminent domain to seize underwater mortgages, San Bernardino County — which seriously considered the proposal last year and triggered national interest — continues moving in another direction.

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SacBee: California Public Records Act amendment going to June ballot

Capitol Alert
The latest on California politics and government
September 10, 2013

California voters will get a chance to weigh in on whether local governments must comply with, and pay for, public records requests.

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question-mark1a

By Brad Branan
bbranan@sacbee.com
Published: Friday, Aug. 30, 2013 – 12:00 am | Page 1A

Recognizing that California counties were fast running out of space to lock up offenders, state lawmakers authorized $1.2 billion for jail construction in 2007.

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Calpensions: Skimming ‘excess’ pension investment earnings

pensions

By Ed Mendel
Monday, August 19, 2013

An issue in the San Jose pension reform trial, a “13th check” bonus for retirees when investment earnings exceed the annual forecast, reflects a widespread attitude that added to public pension debt.

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LATimes: Bill advances creating new redevelopment in California

PolitiCal
On politics in the Golden State

Redevelopment

By Patrick McGreevy
August 15, 2013, 8:19 a.m.

Denounced by one property owner as a “communist land grab,” a bill is advancing in the California Legislature that would allow local governments to spend tax money to seize land from residents and provide it at a discount to private developers.

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SacBee: Unions, local governments clash over campaign restrictions

Campaigns

Capitol Alert
The latest on California politics and government
August 14, 2013

An unusual alliance of unions, Common Cause and the Howard Jarvis Taxpayers Association lined up Tuesday behind late-blooming legislation that would crack down on use of public resources to promote ballot measures.

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Calpensions: Public pensions become issue in labor strikes

Pension Reform

By Ed Mendel
Monday, August 12, 2013

As retirement costs grow, traditional labor disputes over wages and health coverage have a newcomer. Pensions are one of the issues in recent strikes by UC hospital workers and San Francisco Bay Area transit workers.

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LATimes: U.S. warns against eminent-domain mortgage seizures

By Alejandro Lazo
August 8, 2013, 7:41 p.m.

The nation’s top housing finance regulator threatened to choke off mortgage lending in cities that use eminent domain to seize underwater loans from lenders.

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Calpensions: Can San Jose cut pensions of current workers?

pensions

By Ed Mendel
Monday, August 5, 2013

After a five-day trial last month, a judge is looking at 13 issues in suits filed by unions and retirees against a San Jose pension reform. The big one is whether pensions earned by current workers can be cut.

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CNBC: Pandemic of pension woes is plaguing the nation

CNBC Logo

Economy

Published: Monday, 5 Aug 2013 | 6:00 AM ET
By: John W. Schoen | Economics Reporter

Detroit, you’re not alone.

Across the nation, cities and states are watching Detroit’s largest-ever municipal bankruptcy filing with great trepidation. Years of underfunded retirement promises to public sector workers, which helped lay Detroit low, could plunge them into a similar and terrifying financial hole.

Read the rest of this entry »

Pay Cut

By Lauren Gold
twitter.com/laurenkgold
Posted: 07/30/2013 07:58:14 PM PDT
Updated: 07/31/2013 08:12:25 AM PDT

Database: Proposed funds for the Community Development Block Grant across the U.S.

Community nonprofits and local cities are sweating over a proposed bill by the House of Representatives that would slash Community Development Block Grants by nearly half for many cities in the state.

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Calpensions: CalPERS still in choppy seas after ‘perfect storm’

calpers

By Ed Mendel
Monday, July 29, 2013

Employer satisfaction with CalPERS dropped during the last two years, a new internal survey found, apparently the result of a “perfect storm” of investment losses, scandal, rising rates and other problems.

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DailyBulletin: Penions and bankruptcy: How cities and companies deal with both

Pension Reform

Staff Reports
Posted: 07/25/2013 12:09:10 PM PDT
Updated: 07/25/2013 12:11:20 PM PDT

From San Bernardino to Detroit and in many smaller cities in between, a legal question rages that could change the course of American politics forever. When a city declares bankruptcy, does it still have to pay the retirement benefits promised to its city workers?

Getting this one right is a truly daunting legal challenge.

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By Jim Christie
SAN FRANCISCO | Mon Jul 22, 2013 7:26pm EDT

(Reuters) – California’s third-largest city, San Jose, and its employee unions faced off in court on Monday over public pension reforms in a case that has major implications for other local governments across the state trying to rein in the costs of retirement benefits.

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SacBee: Dan Walters: Bankruptcy zeroes in on pensions

Dan Walters

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, Jul. 22, 2013 – 12:00 am | Page 3A
Last Modified: Monday, Jul. 22, 2013 – 6:22 am

The state constitutions of Michigan and California have almost identical provisions prohibiting what lawyers call “impairment of contract.”

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pensions

By Ed Mendel
Monday, July 22, 2013

Bond insurers who walked away from mediation last year before Stockton filed for bankruptcy are at the table this summer. A deal could avoid a precedent-setting legal showdown on whether public pensions can be cut in bankruptcy.

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Howard-jarvis

July 15, 2013 3:33 PM
Shane Newell, For the Daily Press

Opponents of the fire prevention fee may soon have reason to rejoice.

On July 19, lawyers from the Howard Jarvis Taxpayers Association (HJTA) will meet with representatives from the State of California in a Sacramento court to determine the fate of an HJTA class action lawsuit against Cal Fire and the California Board of Equalization.

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WashPost: Changing tax exemption for municipal bonds faces stiff opposition

Municipal Bonds

By Michael A. Fletcher
Published: July 9, 2013

Federal policymakers looking for ways to raise revenue while reforming policies that they see as subsidizing the affluent are eyeing proposals to limit the tax exemption for interest paid by municipal bonds.

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SacBee: Senators introduce constitutional amendment on California records law

Capitol Alert
The latest on California politics and government
June 21, 2013

Sen. Mark Leno, D-San Francisco, and Senate President Pro Tem Darrell Steinberg on Friday introduced a measure to incorporate provisions of the California Public Records Act in the state’s constitution.

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Calpensions: New CalPERS rate-hike era begins with cost cut

calpers

By Ed Mendel
Thursday, June 20, 2013

State pension costs drop slightly in the new fiscal year under CalPERS rates set yesterday, a short break before a new full-funding policy adopted in April is expected to boost costs nearly 50 percent during the next seven years.

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The PE: MANDATES: Brown tries to reduce state’s obligations

California Seal

June 10, 2013; 03:13 PM

SACRAMENTO – From mail ballots to open meetings, state lawmakers often tell city and county officials what to do. And under the state constitution, Sacramento is supposed to pay for some of it.

To read story by Jim Miller in The Press Enterprise, click here.

Dan Walters

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Jun. 9, 2013 – 12:00 am | Page 3A

Jerry Brown is fond of citing “subsidiarity” as a guiding principle of his governorship – a $5 word roughly meaning local control is usually the best public policy.

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DailyBulletin: California lawmakers considering new rules for medical marijuana

Medical Marijuana

Andrew Edwards, Staff Writer
Posted: 05/27/2013 06:43:15 PM PDT
Updated: 05/27/2013 09:53:01 PM PDT

A pair of bills that would enhance the legal standing of medical marijuana providers have advanced in the Legislature following this month’s landmark court ruling that affirmed the rights of local governments to ban dispensaries.

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SacBee: Dan Walters: California’s state and local finances intertwine

Dan Walters

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Monday, May. 27, 2013 – 12:00 am | Page 3A

One of Proposition 13′s unintended consequences was to intertwine state finances with those of cities, counties and school districts.

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Calpensions: Pension measure wave crests, court slog remains

pensions

By Ed Mendel
Monday, May 20, 2013

One of the first local ballot measures aimed at cutting public pension costs, a cap on Pacific Grove payments to CalPERS approved by voters three years ago, was ruled unconstitutional by a Monterey County superior court judge last week.

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UTSanDiego: Governor has plans for local funds

Jerry Brown

County officials wary that long-term savings will materialize

By Michael Gardner7:06 p.m.May 15, 2013

California’s counties are leery of Gov. Jerry Brown’s budget maneuver to immediately siphon money from local coffers, leaving behind an IOU that would be repaid through savings realized much later.

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No Marijuana

By Sandra Emerson, Wes Woods II and Ryan Hagen, Staff Writers
Posted: 05/08/2013 02:49:30 PM PDT
Updated: 05/08/2013 04:05:02 PM PDT

Special Section: Medical Marijuana

Now that the more than 180 cities and counties up and down the state have the state’s highest court on their side, many local government officials are actively seeking the closure of medical marijuana dispensaries operating in violation of their zoning laws.

Read the rest of this entry »

California Supreme Court

By Denny Walsh
dwalsh@sacbee.com
Published: Monday, May. 6, 2013 – 12:59 pm
Last Modified: Monday, May. 6, 2013 – 5:53 pm

Local governments in California are free to ban the distribution and sale of marijuana for medical purposes despite state law that allows it under certain circumstances, the California Supreme Court ruled Monday.

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DailyBulletin: State Supreme Court to decide Riverside dispensary case

G3 Holistics - Colton

Sandra Emerson, Staff Writer
Posted: 05/05/2013 08:44:29 PM PDT
Updated: 05/05/2013 09:07:57 PM PDT

The state Supreme Court is set to issue a decision today on whether the city of Riverside is legally allowed to ban medical marijuana dispensaries through zoning laws.

Read the rest of this entry »

SacBee: Report: California governments could be $1.1 trillion in debt

California Flag

Capitol Alert
The latest on California politics and government
By Dan Walters
April 30, 2013

California’s state and local governments are at least $648 billion in debt and the total could surpass $1.1 trillion — depending on how pension liabilities are calculated — according to a data compilation by a conservative think tank.

Read the rest of this entry »

Calpensions: Prefunding retiree health care: Is this the year?

health-care-reform

By Ed Mendel
Monday, April 29, 2013

With pensions presumably shored up by Gov. Brown’s reform and a CalPERS rate hike, will the problem-solving trend spread to what is, by some measures, an even bigger retirement debt: health care promised state workers?

Read the rest of this entry »

SacBee: New measure of economy will include focus on government pensions

By Kevin G. Hall
McClatchy Newspapers
Published: Wednesday, Apr. 24, 2013 – 5:16 pm
Last Modified: Thursday, Apr. 25, 2013 – 3:45 am

WASHINGTON — As part of a new push to broaden the way economic growth is measured, government statisticians will soon begin using a new accounting method that’s likely to spotlight the problem of underfunded pension funds, particularly those managed by state and local governments across the nation.

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SFChronicle: State, cities in next round of redevelopment fight

Legal

By JUDY LIN, Associated Press
Updated 10:12 am, Saturday, April 20, 2013

SACRAMENTO, Calif. (AP) — A second round of bureaucratic bickering has begun over the dismantling of California’s community redevelopment agencies.

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Calpensions: How much can pensions squeeze other programs?

pensions

By Ed Mendel
Monday, April 22, 2013

The question of whether pensions are “sustainable” may get an answer as a CalPERS board action last week ratchets up annual state and local pension costs during the next seven years.

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InlandPolitics: Debt Collectors Masquerade as Local DAs with Their Blessing

By William Cutting
Friday, April 19, 2013 – 07:30 p.m.

I stumbled upon this story over at MousePrint.org and thought our readers over here at Inland Politics might have an interest in it.

According to this blog posting, District Attorney offices across the nation are allowing debt collectors to use District Attorney stationary to go after bad check writers.  Presumably, the DA’s office receives a cut of some kind, be it a slice of the collected funds or perhaps a licensing fee to use the stationary.

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DailyBulletin: CalPERS changes to squeeze finances in many cities

calpers

By Ryan Hagen and Eric Bradley
Staff Writers
Posted: 04/17/2013 07:09:43 PM PDT
Updated: 04/17/2013 07:09:53 PM PDT

Many cities will be required to pay more to the state pension system for at least a few years because of changes the system’s board approved Wednesday, stretching its already-thin finances.

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SacBee: Jerry Brown to comply with prison order if appeals fail

Capitol Alert
The latest on California politics and government
April 16, 2013

SHENZHEN, China – Gov. Jerry Brown said Tuesday his administration will prepare to release as many as 10,000 state prisoners if the state is unable to get out from under a court order demanding it reduce California’s prison population.

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Calpensions: CalPERS panel approves rate hike on split vote

CalPERS

By Ed Mendel
Wednesday, April 17, 2013

A CalPERS committee yesterday approved raising employer rates roughly 50 percent over the next seven years, replacing actuarial methods that kept rates low during the recession with a new goal of full funding in 30 years.

Read the rest of this entry »

Dan Walters

Dan Walters

By Dan Walters
dwalters@sacbee.com
Published: Sunday, Apr. 14, 2013 – 12:00 am | Page 3A
Last Modified: Sunday, Apr. 14, 2013 – 7:39 am

Eight years ago, the California Legislature and then-Gov. Arnold Schwarzenegger made what may have been a gigantic mistake by allowing public employee pension funds to drop a curtain of secrecy over their dealings with hedge funds, private equity funds and other “alternative investments.”

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UTSanDiego: 12 top-paid county bosses in California

Money

By Matt Clark
March 27, 2013 – 06:01 p.m.

Here’s a list of the top 10 highest-paid county executives.

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InlandPolitics: A retired Lobbyist?

Hmmm

Monday, March 18, 2013 – 09:00 a.m.

We’re definitely confused!

Back in 2011 former local Assemblyman Brett Granlund, a lobbyist with the Sacramento-based firm Platinum Advisors was attempting to convey to anyone that woould listen, at the time, that he had retired.

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Calpensions: Post-crisis reforms make pensions sustainable?

pensions

By Ed Mendel
Monday, March 11, 2013

A nationwide study, including CalPERS and CalSTRS, projects that huge pension fund losses during the financial crisis will be offset over three decades by a wave of recently enacted cost-cutting reforms — but only if several things happen.

Read the rest of this entry »

LATimes: Public-employee unions push back with lawsuits over pension cuts

Jerry Brown

Gov. Jerry Brown discusses his proposal to roll back public employee pension benefits during a news conference at the Capitol in Sacramento. (Rich Pedroncelli / Associated Press)

By Chris Megerian, Los Angeles Times
March 8, 2013, 8:06 p.m.

SACRAMENTO—California unions, accustomed to getting their way in the Capitol, lost some ground last year when Gov. Jerry Brown pushed through the Legislature a series of public-pension cuts that affect their members.

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The PE: REALIGNMENT: Long-term inmates a concern in county jails

March 05, 2013; 06:15 PM

More than 1,100 inmates are serving sentences between five and 10 years in county jails instead of state prisons because of California’s realignment law, a survey by a law enforcement group concluded.

To read story by Richard K. DeAtley in The Press Enterprise, click here.

Calpensions: As economy recovers, CalPERS may lift rate lid

CalPERS

By Ed Mendel
Monday, February 25, 2013

CalPERS last week gave some 1,575 local governments a small increase in their annual pension costs, one of the last rates kept low by unusual actuarial policies adopted after a $100 billion investment loss five years ago.

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Moody's Ratings

By Daniel Borenstein, staff columnist © 2013, Bay Area News Group
Posted: 02/22/2013 05:51:55 PM PST
Updated: 02/24/2013 10:12:36 AM PST

Moody’s Investor Services will soon unveil new pension standards that could peel away gimmicks used to hide the shocking size of government retirement debt.

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Capitol Weekly: Jerry Brown vs. the locals — again

By Amy Wong | 02/18/13 1:00 PM PST

It’s Round 3 in Jerry Brown vs. the locals.

The governor’s efforts to reform California’s 29-year-old enterprise zone system, an ongoing tax-break program that encourages business investment and promotes new jobs in economically distressed areas of the state, is his latest attempt in a series of major moves targeting local businesses and governance.

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