CSR | Political Activity
Articles for category State Employees

California’s pension debt puts it $175.1 billion in the red

Posted Mar 18, 2016 by newspaper editor    0 Comment(s)  1 Likes Like Dislike

Gov. Jerry Brown uses charts to outline his proposed 2016-17 budget. The budget pegs unfunded retiree health care debt at $71.8 billion.

Although its 2014-15 budget was balanced, California’s state government ended the fiscal year $175.1 billion in the red, thanks largely to state retirement obligations that had to be included in its balance sheet for the first time.

Under new rules by the Governmental Accounting Standards Board, state and local governments must list unfunded pension liabilities as debts alongside the more traditional bonds and other forms of debt.

[Read More...]



Public pension critics launch another initiative

Posted Jan 27, 2016 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Jan. 26, 2016 /PRNewswire-USNewswire/ -- A group of nationally recognized pension reformers today announced the launch of the Retirement Security Initiative (RSI), a national, bipartisan advocacy organization focused on helping state and local governments meet their pension obligations and avoid insolvency. Spearheading the group's efforts are: former Utah State Senator Dan Liljenquist; former Lt. Governor of New York Richard Ravitch; former Mayor of San Jose Chuck Reed; former CFO of Chicago Lois Scott; and financial restructuring expert Jim Spiotto.

[Read More...]



Unions discuss possible implications of Supreme Court case on fair share fees

Posted Jan 13, 2016 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Sacramento Bee,  Jan. 13, 2016 -- State and local public union officials plowed through a 100-page U.S. Supreme Court transcript on Monday, trying to divine how the nine justices are leaning in a case with the potential to tie a knot in the pipeline of money that feeds their treasuries.

While the outcome of Friedrichs v. California Teachers Association could end compulsory payments to government unions, maintain the status quo or fall somewhere in between, the labor leaders interviewed by The Sacramento Bee remained optimistic regardless of the outcome that their associations would adapt.

“We’ll continue to exist,” said Dave Low, executive director of the California School Employees Association, “but it would weaken us.”

 

[Read More...]



David Crane swings and misses on CalPERS investments

Posted Jul 22, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

In an email to journalists and election officials, David Crane arrives at a false conclusion with his claim that CalPERS unfunded actuarial liability (UAL) will continue to grow unless the system achieves a return of at least 9.7%, not the 7.5% CalPERS currently assumes.

[Read More...]



Feckner and Jones are elected as CalPERS president and vice president

Posted Jan 21, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The California Public Employees' Retirement System (CalPERS) Board of Administration unanimously re-elected Rob Feckner as Board president and elected Henry Jones as vice president. Feckner will be serving his 11th term as president, while it will be Jones' first vice presidential term.

[Read More...]



Governor makes key personnel appointments

Posted Oct 22, 2014 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Gov. Jerry Brown on Monday appointed Richard Gillihan to head the California Department of Human Resources, where he has served in an acting role since February. In his new position, Gillihan will also serve on the CalPERS Board of Administration.

Gillihan, 46, took over after Julie Chapman suddenly stepped down amid criticism that the department lacked leadership. His appointment broke a chain of CalHR chiefs who were labor insiders or bureaucrats who had come up through the department in favor of a technology expert and fiscal manager from the Department of Finance.

[Read More...]



CalPERS board member stripped of leadership roles because of FPPC violations

Posted Oct 15, 2014 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

CalPERS board member Priya Mathur was removed from board leadership positions today because of her latest campaign-finance disclosure infractions.

Mathur was removed as board vice president and chair of the Pension and Health Benefits Committee. The decision was announced by board President Rob Feckner. No replacement as board vice president was immediately named. George Diehr was named acting chair of the pension committee.

[Read More...]



CalPERS Dependent Eligibility Verification deadline nears

Posted May 06, 2014 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

About 40,000 CalPERS state retiree members were asked in December 2013 to verify whether their dependents are eligible to receive CalPERS health care benefits, but about 3,400 dependents remained unverified by May 1 even after several notifications, CalPERS reported May 6.

[Read More...]



Chuck Reed suffers another legal blow

Posted Mar 14, 2014 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

San Jose Mayor Chuck Reed's statewide pension reform initiative was dealt a major setback Thursday when a judge rejected a lawsuit that could have made it much easier for Reed get his measure on the ballot.

[Read More...]



Chuck Reed sues over summary of pension initiative

Posted Feb 07, 2014 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Proponents of a pension-change initiative want a judge to edit key language used to describe their measure, contending that it was written to bias voters against it.

The lawsuit filed this week by San Jose Mayor Chuck Reed and four other local government officials behind the proposal accuses Attorney General Kamala Harris of writing a title and summary that “uses false and misleading words and phrases which argue for the measure’s defeat, is argumentative, and creates prejudice against the measure, rather than merely informing voters of its chief purposes and points ...”

 

[Read More...]



1 2 3 4

CSR is the largest, most experienced organization exclusively representing state government retirees!

 

Find Us

California State Retirees
3000 Advantage Way Sacramento, CA 95834

Contact Us

888.808.7197
916.326.4292
csrinfo@calretirees.org
Fax 916.326.4201

Follow Us

 
 

Hear From Us