Did CalPERS Fail to Disclose Costs of Historic Bump in Pension Benefits?

By Edward Ring
How would you feel if someone told you they’d just increased your retirement benefit by 50%, took five years off the age you’d have to be when you could retire and collect this benefit, and then told you there would be almost no additional cost because the stock market was roaring? In California, that’s what...

TAGS: California Public Employees Retirement System, CalPERS, Pacific Grove, SB 400

Judge Quashes Pension Reform Initiative in Pacific Grove

By John Moore
Monterey County Superior Court Judge Thomas Wills ruled on June 26th that the 2002 ordinance enhancing public-safety pensions was legally enacted, and therefore could not be voted on by the citizens of Pacific Grove. To put the decision in perspective, Judge Wills encouraged the citizens to Appeal his decision. His decision was based on his opinion...

TAGS: John Moore, Pacific Grove, Pacific Grove pension reform

Pacific Grove Reformer Alleges Pension Increases Passed Without Due Process

By John Moore
Editor’s Note: Pacific Grove may be one of the smallest cities in California, but it is on the front lines of the battle for pension reform. Facing financially devastating annual billings from CalPERS, citizen activists are uncovering evidence that the pension benefit enhancements passed by Pacific Grove’s city council may not have complied with the...

TAGS: Pacific Grove, Pacific Grove bankruptcy, Pacific Grove insolvency, The Fall of Pacific Grove