Pension reform waits for California Supreme Court

By Edward Ring
With markets fitfully advancing after a nearly two year pause, the need for pension reform again fades from public discussion. And it’s easy for pension reformers to forget that even when funds are obviously imperiled, with growing unfunded liabilities and continuously increasing demands from the pension funds, hardly anyone understands what’s going on. Unless you are sitting on a...

TAGS: "California Rule", CalFire Local 2881 vs. CalPERS, California Supreme Court, pension reform, pensions

A New Approach to Pension Reform Goes to Appellate Court

By Edward Ring
The recent ruling by the California Supreme Court in the case CalFire vs CalPERS has garnered much attention from pension reformers. While falling short of being a landmark ruling, the result was nonetheless encouraging. The court left open the possibility that vesting does not protect prospective benefits of current employees. The implications of that are left to related, still...

TAGS: California Supreme Court, Edward Ring, pensions, Section 7507

California Rule Does Not Protect “Airtime”

By Edward Ring
Earlier this week the California Supreme Court ruled in the case CalFire vs CalPERS. The case challenged one of the provisions of California’s 2014 pension reform legislation (PEPRA) which had eliminated the purchase of “Airtime.” This was the practice whereby retiring public employees could purchase “service credits” that would lengthen the number of years they worked,...

TAGS: "California Rule", CalFire, California Supreme Court, CalPERS, Edward Ring, Unions

The Financial Context of the Imminent California Supreme Court Decision on the “California Rule”

By Edward Ring
Any day now, the California Supreme Court will rule on what may be one of the most significant cases affecting pension reform in California history. The case, CalFire Local 2881 vs. CalPERS, challenges one of the provisions of PEPRA (Public Employee Pension Reform Act) Governor Brown’s 2013 pension reform legislation. The plaintiffs argue that PEPRA’s abolition...

TAGS: "California Rule", CalFire Local 2881 vs. CalPERS, California Supreme Court

Will the California Supreme Court Reform the “California Rule?” – Latest Update

By Edward Ring
Most pension experts believe that without additional reform, pension payments are destined to put an unsustainable burden on California’s state and local governments. Even if pension fund investments meet their performance objectives over the next several years, California’s major pension funds have already announced that payments required from participating agencies are going to roughly double...

TAGS: "California Rule", California Supreme Court, pension reform

Government Unions Need Property Tax Increases to Fund Unsustainable Pensions

By Jon Coupal
Let’s be honest.  When politicians and pundits discuss the state budget, very little is about the impact on homeowners. Notwithstanding the fact that a person’s home is their most important asset, this lack of perspective is understandable. When people think about political issues impacting their status as homeowners, they are far more likely to focus...

TAGS: California state budget, California Supreme Court, local bond measures, Proposition 13

California Supreme Court Supports Rights of Charter Cities Over State Legislature

By Kevin Dayton
California Supreme Court Declares that the State’s 121 Charter Cities Have a Constitutional Right to Circumvent the Union-Controlled State Legislature and Establish Their Own Policies Concerning Government-Mandated Construction Wage Rates for Taxpayer-Funded Construction Yesterday morning (July 2, 2012), the California Supreme Court ruled 5-2 in State Building and Construction Trades Council v. City of Vista...

TAGS: California Supreme Court, Charter Cities, Prevailing Wage, State Building and Construction Trades Council of California, State Building and Construction Trades Council v. City of Vista