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Tag: pensions

Some Good News, and Some Big Challenges, for State Pension Funds

January 14, 2014 | 12:10 pm

Some Good News, and Some Big Challenges, for State Pension Funds

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CalPERS fund scored a 16 percent gain in 2013. Meantime, a crisis looms for teachers’ pension fund.

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California Agencies Gamble on Pension Bonds — And Lose

October 29, 2013 | 10:14 am

California Agencies Gamble on Pension Bonds — And Lose

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Pension obligation bonds issued by Richmond, Oakland, other cities have proved to be a financial drain.

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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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August 29, 2012 | 12:34 pm

Dems’ Pension Reform Plan Now Up For Discussion

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Update Thursday KQED’s Rachel Dornhelm reports: The two biggest Bay Area cities are exempt from Governor Jerry Brown’s pension reform. San Francisco and San Jose are charter cities, with their own pension plans and bruising pension battles. Just this week San Jose’s city council enacted a two-tiered pension plan to help rein in costs. The […]

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Gov. Jerry Brown Asks for More Time on Calif. Pensions

July 3, 2012 | 1:30 pm

Gov. Jerry Brown Asks for More Time on Calif. Pensions

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by Judy Lin Associated Press SACRAMENTO, Calif. (AP) — Gov. Jerry Brown is asking for more time to negotiate public pension reform with state lawmakers. Although Brown issued a comprehensive proposal last fall, Democratic leaders only sent him their plan on Sunday. Brown’s spokesman Gil Duran says the governor “could not agree to some of […]

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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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April 14, 2011 | 3:00 pm

Wednesday Weeklies (on Thursday): Working SF Police Earn Pensions; The “Uncivil Jewish Debate”

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This week’s new articles from the alternative weeklies… Double Drain: Program Pays Cops Pensions While Still on the Force (SF Weekly) …In 2008, San Francisco found itself unable to properly staff its police force. The solution enshrined by city voters: Allow cops to simultaneously work and be retired — and earn both hefty salaries and […]

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Morning Splash: Ed Lee Says Committed to Pension Reform; Larry Page To Take Google Helm

January 21, 2011 | 7:43 am

Morning Splash: Ed Lee Says Committed to Pension Reform; Larry Page To Take Google Helm

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New mayor Ed Lee ready to tackle pensions in face of $100M cost increase (SF Examiner) …Last week, The City learned pension costs were increasing next fiscal year by $20 million more than anticipated, for a total of $375 million — a $100 million increase from San Francisco’s pension contribution this fiscal year. “I want […]

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Morning Splash: SF Pension Costs Jump, Berkeley Delays Vote on Sex-Change Benefit

January 19, 2011 | 8:00 am

Morning Splash: SF Pension Costs Jump, Berkeley Delays Vote on Sex-Change Benefit

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SF pension costs jump $20 million (Matier & Ross, SF Chronicle) San Francisco’s pension time bomb just exploded, with the city being told it will have to pony up $20 million more than previously expected in the next fiscal year. That will bring the total bill for city government retirees to about $375 million – […]

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