Home » Posts tagged with » CalPERS

How to Assess Impact of a Market Correction on Pension Payments

How to Assess Impact of a Market Correction on Pension Payments

. by Edward Ring . On January 28, 2018, the Dow Jones stock index closed at a record high of 28,610. Nine days later, on February 6, the Dow index hit an intraday low of 24,198, a drop of over 15 percent. Since then the Dow index has recovered somewhat, along with other stock indexes and […]

California Government Pension Contributions Required to Double by 2024 – Best Case

California Government Pension Contributions Required to Double by 2024 – Best Case

by Edward Ring The employer contribution to California’s state and local government pension systems will double, from $31 billion in 2018 to $59 billion by 2024. This estimate is based on aggregating official projections of cost increases issued by CalPERS to their participating agencies, and extrapolating those projections show the overall impact on all of California’s […]

CalPERS seeks legislation to avoid pension cuts

CalPERS seeks legislation to avoid pension cuts

  . By Stephen Frank,  California Political News and Views It is now apparent to Guv Brown, the Socialist Democrat party and the people of California—Calpers is collapsing and shortly cuts in retirement checks will HAVE to be made.  No way around it—unless those running government—the Democrats and the unions, want to save the retirement of […]

How Much More Will Cities and Counties Pay CalPERS?

How Much More Will Cities and Counties Pay CalPERS?

    by Ed Ring, California Policy Center  When speaking about pension burdens on California’s cities and counties, a perennial question is how much are the costs going to increase? In recent years, California’s biggest pension system, CalPERS, has offered “Public Agency Actuarial Valuation Reports” that purport to answer that question. Notwithstanding the fact that CalPERS […]

CalPERS critic makes runoff for CalPERS board

CalPERS critic makes runoff for CalPERS board

by Chris Reed The underfunded California Public Employees’ Retirement System faces daunting challenges in coming years, with local governments increasingly vocal about not being able to afford the ever-growing cost of their CalPERS-managed pension programs, as CalWatchdog reported July 20. The nation’s largest public pension fund could face these challenges with a board that appears both solidly […]

Next CalPERS Victim—Simi Valley, My Hometown

Next CalPERS Victim—Simi Valley, My Hometown

  . By Stephen Frank, Exclusive to the California Political News and Views In April the people of Simi Valley were told we had a Triple AAA rating and our finances were never better.  Now the cops can not get a pay raise for four years and the city has created a Commission to decide on […]

CalPERS’ divestment goals in crosshairs as coal stocks soar

CalPERS’ divestment goals in crosshairs as coal stocks soar

by Steven Greenhut A newly released report from the California Public Employees’ Retirement System confirms that, fulfilling the Legislature’s directive to divest from coal-related investments, the pension fund has now largely exited from coal stocks. But as news reports this week suggest, this “socially responsible” investment policy has come at a price, as coal stocks soar under the […]

California government retirement plans are more than 50% underfunded

California government retirement plans are more than 50% underfunded

. By David Schwartzman California is failing its employees and its citizens. Documents show that the state and local governments in California do not have enough money saved up to pay for the retirement of its current employees. The California Public Employees’ Retirement System (CalPERS) is facing future insolvency. These findings come from the 2015 CalPERS […]

Unaddressed Problems That Threaten Your Quality Of Life In Ventura

Unaddressed Problems That Threaten Your Quality Of Life In Ventura

VREG’s State Of The City No doubt that Ventura is a magnificent place to call home. On many aspects, VREG agrees on more points with our Mayor and City Council, than disagree. Ventura’s citizens are proud of our fine police force and our fire department. Our city employees are a dedicated group of men and […]

Neglecting the Pension Crisis Doesn’t Make It Disappear

Neglecting the Pension Crisis Doesn’t Make It Disappear

NEGLECTING THE PENSION CRISIS DOESN’T MAKE IT DISAPPEAR For eight years Ventura has done little to remedy the unfunded pension liability. During that time, there have been three different City Councils. Yet they made only a modest effort to solve the problem. They got employees to agree to contribute toward their own retirement. Meanwhile, those […]

Page 1 of 3123