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Chris Reed of San Diego Union-Tribune blasts the "Pension Truth Squad" over claims that California's pension crisis is over exaggerated and their current push to pass AB 506, which would block local governments from filing for bankruptcy protection, without the approval of the state Debt and Investment Advisory Commission.
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Almost 9,000 retirees in the California Public Employees' Retirement System receive at least $100,000 in annual benefits, more than quadruple the number getting that much during 2005, according to a Sacramento Bee review of CalPERS data.
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Human Events reports that a recent bi-partisan study released by the Los Angeles Times reveals voters want public union members to give up some of their retirement benefits, favor a cap on pensions and also want public employees to work longer before they can begin collecting them.
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The Los Angeles Times reports that Governor Jerry Brown has negotiated a new contract for California's prison guards, which will allow them to save unlimited amounts of vacation, potentially leading to massive payouts when officers retire.
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The Los Angeles Times reports that Governor Jerry Brown has negotiated a new contract for California's prison guards, which will allow them to save unlimited amounts of vacation, potentially leading to massive payouts when officers retire.
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Mike Atonucci of Hot Air Green Room reports that as part of the California Teachers' Union protest on the State Capitol to increase tax revenue for the state’s schools and teachers, the union has set up a web site of material for activists with hand outs and a 10-page list of “potential activities," including creating a labor-union flavored ice cream that can be sold at the rallies. Read more >>
Despite coming clean about uncovered evidence of corruption and bribery amongst its ranks, according to the Orange County Register, CalPERS still shows no interest in dealing with an even bigger problem: the unsustainable pension deals for state workers that leave Californians on the hook for hundreds of billions of dollars of pension debt.
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The Los Angeles Times reports that a 17-month investigation has revealed shocking evidence of bribery and corruption amongst CalPERS board members, including former chief executive Federico Buenrostro Jr.
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Los Angeles Times' Jonah Goldberg argues that public sector unions have never been a necessity and why they should be broken.
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Jennifer Rubin of the Washington Post reviews Governor Scott Walker's battle with public employee unions in Wisconsin and how it relates to the situation states across the country find themselves in.
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