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Credit rating agencies concerned about California pensions costs

Credit rating agencies concerned about California pensions costs

By  Chris Reed, Calwatchdog.com A new Public Policy Institute of California poll shows the number of state residents worried about the cost of government pensions is at a 14-year low. In recent remarks to the Commonwealth Club in San Francisco, new state Superintendent of Public Instruction Tony Thurmond rejected the idea that pension costs were generally a major problem […]

Politicians can’t keep ignoring pension problem

Politicians can’t keep ignoring pension problem

  . By Stephen Frank,  California Political News and Views Has the time come for the sleeping Sacramento politicians and the very confused Guv Brown to address a problem that is collapsing city government and basic services all over the State.  Will they address the issue that is forcing school districts to FIRE teachers (i.e. San […]

California may see more ‘parent triggers’ to force school improvement

California may see more ‘parent triggers’ to force school improvement

. . By Stephen Frank As the recent WalletHub survey showed, California government schools are 46th in the nation math is 47th and reading is 46th.  As for college preparedness, we are 43rd in the nation in SAT scores.  LAUSD in 2015 had a real graduation rate of 54%.  Thanks to CalSTRS, government schools have to cut back […]

Eber: Cities bit the bullet for CalPERS failures

Eber: Cities bit the bullet for CalPERS failures

. By Richard Eber, California Political News and Views   On the eve of the Democratic Party Convention, California’s Lt. Governor Gavin Newsom in a plea for contributions for his campaign to replace Governor Jerry Brown in 2018 asked fellow progressives what issues were most important to them. At the top of his list was […]

State Controller Yee Updates Unfunded Retiree Health Care Liability

State Controller Yee Updates Unfunded Retiree Health Care Liability

The Real Cost of K-12 Education

The Real Cost of K-12 Education

By R. Claire Friend  . The annual cost of K-12 education in the United States has increased steadily for decades. For 2015, the cost is about $600 billion. Fiscal reality has not diminished the demand by politicians and their powerful union cronies for even more money, a substantial portion of which would be earmarked to […]

CalSTRS makes early move on coal divestment

CalSTRS makes early move on coal divestment

The CalSTRS board directed its staff and consultants last week to evaluate the risk of investments in thermal coal companies, look jumping ahead of pending legislation that would require CalSTRS and CalPERS to divest thermal coal holdings. Republished with permission from: CalPensions.com Senate President Pro Tempore Kevin De Leon, D-Los Angeles, has a bill that […]

CA Treasurer Chiang operating way out of his job description

CA Treasurer Chiang operating way out of his job description

By George Miller   Why is the Treasurer releasing a constant stream of press releases promoting himself and causes that sometimes have little to do with his job responsibilities? His press release (below) from the CA State Treasurer is so wrong on multiple levels: The Treasurer isn’t focusing totally on his job. He should be warning the […]

California Government Pension Systems “Endangered”

California Government Pension Systems “Endangered”

By Stephen Frank Originally published in Watchdog.com, view 2/5/15 The Washington Examiner published a story showing that 150 unions had “endangered” pension systems. “Another 85 funds are listed as being “endangered,” meaning they lack the assets to meet at least 80 percent of their future obligations.” http://www.washingtonexaminer.com/feds-place-150-union-pension-funds-in-critical-status/article/2559606 Based on the Federal criteria both CalPERS and […]

State pensions improve, but members living longer

State pensions improve, but members living longer

Is it morning in California for the California Public Employees’ Retirement System and the California State Teachers’ Retirement System? .

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