How to Restore Financial Sustainability to Public Pensions

By Edward Ring
Last month the League of California Cities released a “Retirement System Sustainability Study and Findings.” The findings were not surprising. “Key Findings” were (1) City pension costs will dramatically increase to unsustainable levels, (2) Rising pension costs will require cities to nearly double the percentage of their general fund dollars they pay to CalPERS, and...

TAGS: League of California Cities, pension reform, unsustainable pensions

The Credibility of Public Service

By Edward Ring
California’s government unions are nothing like private sector unions. Their bosses are selected via elections where these unions are the dominant campaign contributors. They get their money through compulsory taxes and therefore don’t have to run efficient operations. They run the machinery of government which lets them intimidate their opponents and act as gatekeeper to...

TAGS: government pensions, unionized government, unsustainable pensions

How Government Unions Are Destroying California

By Bob Loewen
California was once the State that everyone looked up to. With the best weather and natural resources, we were full of hope and innovation. We had the best public schools, a world class system of higher education, the best freeways, infrastructure to provide fresh water to our growing population, which also doubled as a source...

TAGS: California Teachers Association, CalPERS, CalSTRS, Friedrichs vs. the CTA, unsustainable pensions

Public Sector Pay: Transparency and Perspective

By Jon Coupal
Public sector labor leaders in California would rather that the public remain relatively ignorant about how well their members are compensated. But they are fighting a losing battle. Because of California’s massive unfunded pension liability and other scandals, the public is demanding answers. Interests as diverse as taxpayer groups, business organizations, the media and some...

TAGS: Howard Jarvis Taxpayers Association, John Chiang, Jon Coupal, public sector compensation, Public sector pensions,, unsustainable pensions

2013 CalPERS Payouts Online at Transparent California

By Mark Bucher
CalPERS financial struggles are draining state taxpayers. The ever-increasing contribution rates it demands from state and local governments have already bankrupted several cities. Even for more financially stable agencies, increased CalPERS contributions have crowded out other spending priorities or tax relief. While discussions about unfunded liabilities and projected rates of return are necessary and important,...

TAGS: California Policy Center, CalPERS,, unsustainable pensions