San Diegans voted five years ago this month to switch all new city hires, except police, from pensions to 401(k)-style individual investment plans, becoming one of the first big cities to take the plunge. Jacksonville, Fla., took a bigger step last April, switching all new employees including police and firefighters to 401(k)-style plans. Last week,...

Governor Brown's proposal to borrow money to fund CalPERS is similar to a move by Puerto Rico in 2008. That step backfired and now Puerto Rico is bankrupt.

Sacramento – Tens of thousands of people marched in hundreds of cities last week as part of something billed as the March for Science. The event, which coincided with Earth Day, was meant to rebuke the Trump administration’s global-warming skepticism and its plan to cut taxpayer funding for the Environmental Protection Agency and other federal agencies...

U CalPERS has quietly removed the controversial “Myths vs. Facts” page from its website, abruptly ending one of the agency’s efforts to soothe public anxiety about the cost of rising pension benefits to public employees. The page disappeared March 7. A spokesperson for CalPERS, the state agency that manages public employee retirement funds, said “Myths...

For Immediate Release July 18, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231 California Policy Center Responses to Monday, July 18, 2016 Earnings Report For reporters and commentary writers, the California Policy Center can make available two public finance experts. We also offer for publication these immediate responses to the CalPERS report:   ED...

For Immediate Publication July 18, 2016 California Policy Center Contact: Will Swaim Will@CalPolicyCenter.org (714) 573-2231 Latest earnings report is more evidence California retirement agency will reform or die By Ed Ring | California Policy Center The officials who run California’s public-employee retirement system should have released today’s earnings report with sound effects – a flugelhorn, maybe,...