Post-Coronapocalypse pension reform checklist for California

By Edward Ring
04/01/2020
In a perfect world, California’s state and local public employees would receive exactly the same retirement benefits as federal employees. They would receive a modest defined benefit, a contributory 401K, and they would participate in Social Security. Unfortunately, in California, while some state and local public employees are offered 401Ks, and many participate in Social Security, all of...

TAGS: coronavirus, Edward Ring, government unions, pension reform, Public Employee Pension Reform Act, public employees, Social Security

How much will YOUR city pay CalPERS in a down economy?

By Edward Ring
10/03/2019
CalPERS still hasn’t issued their actuarial analyses for the period ending 6/30/2018, even though a year ago, the 6/30/2017 analyses were available. Could it be related to the fact that the DJIA index on 10/01/2018 was 26,447 and as of midday 10/01/2019 it sits at 26,599? Did CalPERS have a bad year and what does that mean? What...

TAGS: CalPERS, public employees, Unions