Political News

POLL: Will California’s public pension proposal go to voters?

Posted Jun 09, 2015

SACRAMENTO BEE - Former San Jose Mayor Chuck Reed and Carl DeMaio, a former San Diego city councilman and current radio talk show co-host, have a new ballot proposal that would constitutionally require that voters approve increases in compensation and retirement benefits for public employees.

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CalPERS responds to Reed's public pension measure

Posted Jun 04, 2015

"Inadequate financial preparation for retirement is a growing national concern. Defined benefit plans are the most cost-efficient way to save for retirement and should remain an important tool in retirement planning. All employees – whether in the public or private sectors – should have effective means to pursue retirement security," CalPERS said in a statement issued June 4.

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Ballot measure would have voters decide public pension benefits

Posted Jun 04, 2015

For the third time in four years, advocates for altering public pensions have a plan they want to put to a statewide vote.

But this time the proposal by pension-change advocates Chuck Reed and Carl DeMaio has a new twist: Pensions and other retirement benefits themselves would automatically become a matter of ballot-box politics by requiring voter approval any time government officials sought to upgrade benefits.

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CSR Legislative Report - May 22, 2015

Posted May 26, 2015

The following PDF is a list of Bills that CSR is supporting, opposing, or watching.

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Governor unveils revised budget

Posted May 15, 2015

On Thursday, Gov. Jerry Brown (D) released the revised version of his fiscal year 2015-2016 budget plan, which includes several health care proposals, the Los Angeles Times reports.

The revised $169 billion budget is more than $4 billion larger than the original proposal unveiled in January (Megerian, Los Angeles Times, 5/14). The revised plan would increase health and social services spending by about $1.7 billion (Richman, San Jose Mercury News, 5/14).

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CalPERS wins another bankruptcy ruling

Posted May 13, 2015

Government pensions in California have withstood another fierce challenge in bankruptcy court.

A bankruptcy judge has dismissed a lawsuit filed by two disgruntled bond creditors challenging the city of San Bernardino’s decision to make its pension payments in full to CalPERS.

Ruling from Riverside, U.S. Bankruptcy Judge Meredith Jury tossed the claim filed by the two creditors, Ambac Assurance Corp. and a Luxembourg bank named EEPK.

Last fall the city, which filed for bankruptcy protection in 2012, said it would pay its $24 million-a-year CalPERS bill in full. Ambac and EEPK said that arrangement was unfair to other creditors. Although San Bernardino hasn’t filed its complete repayment plan, it’s likely that many creditors would stand to receive only a portion of what they’re owed.

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CSR Legislative Report

Posted May 06, 2015

The following PDF is a list of Bills that CSR is supporting, opposing, or watching.

May 04, 2015 Legislative Report

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Senate overhauls doctors' Medicare payments

Posted Apr 15, 2015

Medicare is poised to overhaul the way it pays physicians and create new systems to reward high-performing doctors under legislation approved by the Senate late Tuesday.

The unusually bipartisan bill, which passed the House easily last month, will immediately lift the threat of an automatic 21% cut in Medicare fees to physicians, which was set to take effect Wednesday.

The legislation also marks a milestone in the push to modernize Medicare, the nation’s mammoth federal insurance program for the elderly, and move it away from the traditional system of paying physicians for every procedure they perform.

 

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CSR Legislative Report

Posted Mar 27, 2015

CSR Legislative Report for the 2015-16 Legislative Session

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CSR President Tim Behrens testifies against governor's proposal for a high-deductible health plan

Posted Mar 19, 2015

California State Retirees President Tim Behrens testified at a joint informational hearing on March 18 that the governor's plan to introduce a high-deductible health plan for CalPERS members is "the wrong path to take in addressing high health care costs."

"Such plans shift costs to workers, discourage people from accessing needed health care and would divide [CalPERS] health plans into those for the young and those for the old," Behrens testified before the joint Informational hearinig of the Senate Public Employment and Retirement Committee and the Assembly Public Employees, Retirement and Social Security Committee.

 

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