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Tag: pension reform

Ruling Says San Jose Cannot Cut Employee Pensions

December 23, 2013 | 5:34 pm

Ruling Says San Jose Cannot Cut Employee Pensions

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Judge rules on controversial Measure B, says city can cut workers’ salaries to save taxpayer funds.

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Calif. Retirement Systems Sending Members to Summit in Hawaii

February 27, 2013 | 9:32 am

Calif. Retirement Systems Sending Members to Summit in Hawaii

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by Jennifer Gollan, California Watch When the head of one of the state’s largest independent pension funds received an invitation recently for his staff to attend a conference in Hawaii, his response lacked the aloha spirit. “I don’t plan on approving anyone to attend this conference given its location. … Hawaii is just not the right […]

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How California’s New Pension Legislation Affects You

August 31, 2012 | 4:53 pm

How California’s New Pension Legislation Affects You

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Unfunded liability. CalPERS and CalSTRS. Spiking and double-dipping. All the jargon makes it hard to stay focused on pension bill the Legislature sent to Gov. Jerry Brown on Friday.  But it’s worth knowing about because it’s bound to affect you — even if you don’t work for the government. Think of it this way: Your […]

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August 27, 2012 | 8:22 am

A.M. Splash: Oracle’s Spithill Wins America’s Cup Prelim; Lawmakers Debate Pension Reform; Frank Gehry to Design Facebook Building

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Spithill rallies to win America’s Cup prelim (SF Chronicle) In a wild finish to the America’s Cup World Series, the winner of the final fleet nearly capsized at the finish. The bigger issue was the action that followed immediately thereafter. Italy’s Luna Rossa Piranha won the race Sunday, and skipper Jimmy Spithill‘s hard-charging Oracle Team […]

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New Pension Initiatives Target Current Workers

November 3, 2011 | 2:50 pm

New Pension Initiatives Target Current Workers

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There’s a temptation to dust off the quote attributed to an infamous bank robber when assessing two new and explosive initiative proposals to rework the pensions of public employees in California. Why do the proposed ballot measures go after the pension system for current workers? Because that’s where the money is. That quote, of course, […]

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October 27, 2011 | 4:13 pm

Analysis: Jerry Brown’s Pension Reform Proposal Will Displease Both Sides

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Gov Jerry Brown today released a 12-Point Pension Reform Plan (pdf). Initial reviews from labor: thumbs down. Under the proposal, new state workers would move to a hybrid system combining guaranteed benefits with a 401K-style . It would also raise the retirement age from 55 to 67 and require that both new and existing employees […]

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Adachi Proposes Pension Reform Compromise; Press Conference Audio

July 7, 2011 | 2:24 pm

Adachi Proposes Pension Reform Compromise; Press Conference Audio

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Pension hawk Jeff Adachi yesterday held a press conference on the steps of City Hall to compare — unfavorably, natch — Mayor Ed Lee’s reform plan, which has the buy-in of most city unions, to his own, which doesn’t. In fact, city workers probably enjoy hearing about Adachi’s quest to make them contribute more to […]

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Morning Splash: S. Jose Delays Pension Vote; Lee Announces SF Pension Plan; Sharks Eliminated

May 25, 2011 | 7:53 am

Morning Splash: S. Jose Delays Pension Vote; Lee Announces SF Pension Plan; Sharks Eliminated

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San Jose pushes ahead with pension proposals (San Jose Mercury News) In the national spotlight since Mayor Chuck Reed this month called for a ballot measure to curb runaway pension costs, the San Jose City Council put off calling a fiscal state of emergency Tuesday while voting to study various proposals for reducing retirement benefits. […]

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Ed Lee Announces Pension Reform Measure for November; Adachi Says Doesn’t Go Far Enough

May 24, 2011 | 12:47 pm

Ed Lee Announces Pension Reform Measure for November; Adachi Says Doesn’t Go Far Enough

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From Bay City News: San Francisco Mayor Ed Lee and several city officials gathered at City Hall today to announce a measure for the November ballot that proposes widespread reform to city workers’ pensions and health benefits. The proposed charter amendment–the result of months of negotiations between city officials and labor and business leaders–would cap […]

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Live: San Jose City Council Discusses ‘Fiscal State of Emergency’ as Labor Invokes Wisconsin

May 24, 2011 | 11:45 am

Live: San Jose City Council Discusses ‘Fiscal State of Emergency’ as Labor Invokes Wisconsin

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The San Jose City Council meets today at 1:30 p.m. and you can watch the proceedings live online. Here is today’s agenda, which includes discussion of a controversial fiscal reform plan, outlined in this memo from Mayor Chuck Reed, Vice Mayor Madison Nguyen, Councilmember Rose Herrera, and Councilmember Sam Liccardo to the City Council. The […]

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