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Tag Archives: pension reform
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 … Continue reading
How California's New Pension Legislation Affects You
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 … Continue reading
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. … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
Morning Splash: Ed Lee Pension Proposal; Muni Union Targets Prop G; Harold Camping's New Date
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S.F. Mayor Ed Lee proposes pension-reform measure (SF Chronicle) San Francisco city workers would pay a maximum of 12.5 percent of their salaries to pensions and police and firefighters would pay up to 13.5 percent under a pension-and-health-care reform package … Continue reading
