State Pension

NEWS: $100,000 pension club of public retirees in California is booming

SSuttie — Wed, 01 Jun 2011 12:29:04 -0700

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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NEWS: CalSTRS' unfunded pension liabilities continue to grow

SSuttie — Fri, 01 Apr 2011 14:54:12 -0700

The Sacramento Bee reports that the unfunded liability gap for the CalSTRS pension fund grew to $56 billion in the fiscal year that ended last June, an increase of $15.5 billion over the previous year.

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OPINION: In California, unions are sinking Brown’s budget proposal

SSuttie — Tue, 15 Mar 2011 23:22:47 -0700

Despite Governor Brown's insistence he is making efforts to find a middle ground with State Republicans, according to Laer Pearce of The Daily Caller, he's still held back by his lack of willingness to force the unions to make concessions.

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OPINION: Tim Cavanaugh: California: Farewell, my lovely

SSuttie — Wed, 16 Feb 2011 21:45:18 -0800

Tim Cavanaugh writes for the Orange County Register on the continuing uphill battle for pension reform with public sector unions and union friendly legislators alike.

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NEWS: California state employees take advantage of pension perk

SSuttie — Wed, 16 Feb 2011 21:19:22 -0800

As lawmakers continue to search for ways to trim California's state budget, the Los Angeles Times reports that focus has been placed on a law that allows state employees to increase retirement benefits by buying up to five fictitious years.

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OPINON: Public Employee Union Benefits Are a Fiscal Disaster

SSuttie — Sun, 23 Jan 2011 22:35:36 -0800

U.S. News and World Report's Mortimer Zuckerman details the ticking time bomb set in place by the ever increasing financial burden of public sector pensions.

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OPINION: Shawn Steel: Brown caught between unions, voters

SSuttie — Thu, 13 Jan 2011 13:27:19 -0800

Governor Brown's proposed budget, while making significant spending cuts, still leaves untouched the issue of public employee pensions. His inability to stand up to the unions and make necessary cuts, according to Shawn Steel of the Orange County Register, will be his undoing.

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NEWS: U.S. Inquiry Said to Focus on California Pension Fund

SSuttie — Mon, 10 Jan 2011 12:38:26 -0800

According to this article New York Times, The Securities and Exchange Commission is investigating whether California violated securities laws and failed to provide adequate disclosure about its public pension fund.

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EDITORIAL: LANGER: True cost of the union label

SSuttie — Sat, 04 Sep 2010 11:31:44 -0700

Editorial by Washington Times's Andrew Langer on the continued efforts by Labor Unions to sway politicians into passing legislation that would protect their pensions at the taxpayers' expense.

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OPINION: Dan Walters: California pension overhaul up in the air

SSuttie — Tue, 31 Aug 2010 23:05:41 -0700

Sacramento Bee's Dan Walters reports on Governor Schwarzenegger's continuing struggle to reform big pensions as the State Legislature prepares the upcoming budget package.

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