One of the most powerful entities in California is in the midst of a board election that will wrap up at the end of the month. It’s a government agency with $500 billion in assets, the power to bankrupt the state if mismanaged, and enough influence to sway national and global corporate decision-making — yet...

In December of 2018, the California Supreme Court will hear arguments in what is generally referred to as the Cal Fire pension case. The ruling could potentially overturn what is commonly referred to as the “California Rule.” The current interpretation of the rule is that pension benefits, once increased, cannot be reduced for existing employees...

Stampede: a mass movement of people at a common impulse. –  Merriam Webster dictionary The pension reform stampede is about to finally overrun California’s political status-quo for three reasons. (1) Pension debt is out of control. While official estimates are slightly lower, most reasonable estimates put California’s total unfunded liabilities for state and local pensions at...

Editor’s Note:  The following article addresses an ongoing debate:  Are local police departments in California where pension reforms have been enacted, San Diego and San Jose in particular, losing officers and new hires faster than they can replace them because of these reforms? Readers of this article are encouraged to also read the response posted...

A statewide constitutional initiative planned for 2014 would tackle the biggest obstacle to meaningful pension reform: vested benefits. Right now, with certain exceptions, California municipalities may not reduce pension benefits for current employees—unlike in the private sector, where employers can change the terms of employees’ current pension plans, making them less generous. The courts have...

We expect all sides in politics to fight hard, given the stakes involved, but our system rests on the broad acceptance of a set of fairly applied rules. We know, for instance, that no matter how nasty the coming presidential election becomes, the loser ultimately will cede power after the final count is in. This...

Yet another report released this week confirms the enormous liabilities that California taxpayers must endure to pay for pensions for public employees. The study, released at a Pension Boot Camp for elected officials held in Citrus Heights by the reform group Californians for Fiscal Responsibility, echoed the points made by the Little Hoover Commission, Stanford...