About Marc Joffe
Marc Joffe is the Director of Policy Research at the California Policy Center. In 2011, Joffe founded Public Sector Credit Solutions to educate policymakers, investors and citizens about government credit risk. His research has been published by the California State Treasurer’s Office, the Mercatus Center at George Mason University, the Reason Foundation, the Haas Institute for a Fair and Inclusive Society at UC Berkeley and the Macdonald-Laurier Institute among others. He is also a regular contributor to The Fiscal Times. Prior to starting PSCS, Marc was a Senior Director at Moody’s Analytics. He has an MBA from New York University and an MPA from San Francisco State University.
Entries by Marc Joffe
Leroy “Lee” Baca, the man served for 16 years as L.A. County’s top cop, has admitted to charges of lying to the FBI in a coverup of inmate abuse at the county jail. But even if convicted, the retired Los Angeles County Sheriff will continue to receive retirement benefits – today valued at more than $342,000 annually. A conviction would put him in a unique position to corner the prison commissary.
They may not have won a Nobel Prize, but California taxpayers and students are awarding ten retired University of California professors an attractive consolation prize: pension benefits amounting to more than $300,000 each per year. Topping the list of UC pension beneficiaries is Fawzy I. Fawzy, M.D. a Professor of Psychiatry and Biobehavioral Sciences at UCLA. He received over $354,000 in 2014, an amount that will continue to grow each year with cost of living increases. Recently, Dr. Fawzy generously helped his junior colleagues by explaining their compensation and pension benefits in a lecture uploaded to YouTube. His knowledge of the ins and outs of the UC payroll and retirement systems is truly impressive.
On October 20, the West Contra Costa County Healthcare District (WCCHD) filed for Chapter 9 municipal bankruptcy – its second such bankruptcy filing in ten years. In 2015, the district closed its one hospital – Doctors Medical Center in San Pablo – which had been hemorrhaging money for many years. Since WCCHD is insolvent and […]