Pension Costs Are Still Eating Government Budgets

By Edward Ring
About 20 years ago, I read an ad in a local Sacramento newspaper that said “Get a government job and become an instant millionaire.” The ad went on to describe how public bureaucrats in California enjoyed benefits private sector employees can only dream of, including a guaranteed retirement pension worth the equivalent of millions of...

TAGS: California pension reform, California pensions, Edward Ring, public pensions, Social Security

How Much do California’s State Workers Make?

By Edward Ring
Californians pay the highest overall taxes in the United States, with more to come. The Democratic supermajority in the state legislature is considering AB 1253 that would raise the top income tax rate to 16.8 percent, and AB 2088 that would impose an annual 0.4 percent tax on any California resident’s net worth in excess of $30 million. On...

TAGS: California public sector compensation, California taxes, public pensions

Firefighting in Orange County – Part Two, Building an Independent Fire Dept

By Edward Ring
On July 1 the City of Placentia will begin to operate a fire department independent of the Orange County Fire Authority. The motivation for the Placentia’s City Council to take this step was to provide equal or greater service at a lower cost. In this report, those cost savings will be summarized. The figures were...

TAGS: California public sector pay, Orange County Fire Authority, pensions, placentia, public pensions, Unions

Auditor report a reminder that UC compensation is out of control

By Marc Joffe
Last week’s report from State Auditor Elaine Howell reveals some disturbing budgeting and compensation practices at the University of California’s Office of the President (UCOP).  But the problem isn’t just limited to UCOP; it is a systemwide phenomenon.  We have previously reported that Robert Reich makes close to $300,000 annually to teach one class at...

TAGS: public employee compensation, public pensions, university of california

What Happens When Public Unions Control Everything for Decades?

By Mike Shedlock
Editor’s Note:  California and Illinois have a lot in common. Both have diverse, resilient economies, both are large states with most of the population concentrated in urban areas, and both have been controlled for decades by public sector unions. The crucial difference, of course, is that at least in Illinois, there is a reform minded...

TAGS: government employee unions, pension reform, public pensions, public sector unions