Posts Tagged ‘SB 400’CA Dem lawmakers figuring out something rotten in CalPERSTuesday, March 19th, 2013 March 19, 2013 By Chris Reed On Monday, the day that finally saw criminal charges filed over CalPERS' brazen pay-to-play bribery scheme, there were signs that some Democratic state lawmakers finally are figuring out that believing California's pension status quo is ridiculous isn't just partis... Being CalPERS means never having to say you’re sorrySunday, January 20th, 2013 Jan. 20, 2013 By Chris Reed So CalPERS is found to allow ridiculous, outrageous double-dipping by salaried employees that boosts their pay (and probably their pensions), and faces sharp criticism. So when the giant pension fund responds, does it do so with an apology? Of course not, according ... You and what army are going to make me pay?Monday, December 24th, 2012Dec. 24, 2012 By Chris Reed The city of San Bernardino’s defiance of CalPERS’ demands for payment will be remembered as the first in a very long line of defiant acts from local governments in California as budgets that don’t add up force local officials to make tough and often unpreceden... CalPERS’ new shtick: Ripping CalPERS = ripping retirees. Groan.Monday, December 17th, 2012Dec. 17, 2012 By Chris Reed The California Public Employees' Retirement System is a piece of work. For years, it has downplayed the pension crisis, ignored its central role in the crisis by encouraging a 50 percent retroactive giveaway to all state employees in 1999, and depicted its critics a... Public employee pensions: Some contracts are more sacred than othersFriday, October 5th, 2012Third in a series on public pensions. The first is here and the second here. Oct. 5, 2012 By Mark Cabaniss On Wednesday, the city of Atwater declared a fiscal emergency, putting it on the path to become the fourth California city to declare bankruptcy this year, joining San Bernardino, Ma... Yes, we can break public-employee pensionsThursday, September 20th, 2012First on a series on public pensions. Sept. 20, 2012 By Mark Cabaniss The politicians in charge of “doing something” about the ongoing California pension debacle like to play a little game. It goes like this: They decry the high costs of pensions that have already been granted, preten... Gov. Brown’s pension non-reformThursday, August 30th, 2012Aug. 30, 2012 By John Seiler As the smoke and the rhetoric have settled, you know pension reform is weak when: a) It's criticized by an analysis in the Los Angeles Times. c) Ridiculed by the paper's liberal columnist George Skelton. And c) praised by the California Public Employees Pension Sy... A.G. Harris Manipulating Foreclosure CrisisWednesday, October 12th, 2011 OCT. 12, 2011 By WAYNE LUSVARDI California Attorney General Kamela Harris is playing with political fire. Last week she backed out of nationwide discussions with banks for a financial settlement to resolve alleged abuses of mortgage loans and foreclosures. The banks were Bank of America, J.P... |