CSR | Political Activity

Calpers Payments Spur $26 Billion in 2010 Activity in California

Posted Jul 13, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Benefit payments in 2010 by the California Public Employees’ Retirement System, the largest U.S. public pension, spurred more than $26 billion in economic activity in the state, the fund said in a report.

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Board Candidate Forum Video Available Online

Posted Jul 13, 2011 by newspaper editor    1 Comment(s)  0 Likes Like Dislike

CalPERS Board run-off election candidates, Michael Bilbrey and Richard Ross, participated in a candidate forum sponsored by PERSwatch on July 6, 2011. A video of the forum is now available for viewing online via YouTube. Ballot packages for the run-off election were mailed to eligible voters on June 30, 2011.
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California pension proposal seeks to hike employee contributions

Posted Jul 12, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

From California to Florida, many public employees are paying more for their pensions now than a year ago as strapped state and local governments cast about for savings.

Now a sweeping Republican proposal in the California Senate, among other changes, would hike how much all current and future state and local government workers pay toward their pensions.
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California Budget Deal Leaves GOP out in Cold

Posted Jun 30, 2011 by newspaper editor    0 Comment(s)  -1 Likes Like Dislike

California's legislature passed a Democrat-crafted plan late Tuesday to close a budget gap that initially stood at $27.6 billion—the first time in decades that state lawmakers approved a budget without Republican support in a move that could have far-reaching consequences for California.

The $86 billion spending plan for the fiscal year starting Friday was endorsed Monday by Democratic Gov. Jerry Brown after he earlier vetoed another budget passed by the legislature. The new budget was approved by just over half of each house of the legislature, the first such budget since California voters last year reversed a decades-old law requiring budget approval by two-thirds of lawmakers. The reversal meant the budget could pass with support from only Democrats.

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Brown, Democrats reach budget deal without taxes

Posted Jun 28, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Abandoning negotiations with Republican lawmakers, Gov. Jerry Brown struck a deal with Democrats for a budget that assumes billions of dollars in fresh revenue — but could lead to major service cuts if the money doesn't materialize.

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PERSWatch hosts forum between two candidates July 6

Posted Jun 28, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Michael Bilbrey and Richard Ross – the two candidates in the CalPERS runoff election for a vacant seat on the CalPERS Board of Administration – will face off at an upcoming candidates’ forum. 
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Jerry Brown, Democratic leaders announce budget deal

Posted Jun 27, 2011 by newspaper editor    0 Comment(s)  -1 Likes Like Dislike

Gov. Jerry Brown and Democratic legislative leaders announced today that they have reached an agreement on a new majority-vote budget plan.

"We've had some tough discussions, but I can tell you that the Democrats in both the Senate and the Assembly have now joined with the administration and myself and we have a very good plan going forward with the budget," Brown said at a press conference in his office this afternoon.
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Brown's spokesman calls Republicans 'basically moronic'

Posted Jun 27, 2011 by newspaper editor    0 Comment(s)  -1 Likes Like Dislike

With California's new fiscal year starting Friday and no compromise with the GOP on a budget in sight, Gov. Jerry Brown's chief spokesman called Sacramento Republicans "basically moronic" for failing to strike [Read More...]



Public Unions Take On Boss to Win Big Pensions

Posted Jun 23, 2011 by newspaper editor    0 Comment(s)  -1 Likes Like Dislike

New York Times June 21, 2011

Then Jim Righeimer, a conservative activist and real estate developer, jumped into the race last year.

The city was on the road to insolvency, he warned, because public employee unions had pressured politicians into handing over generous salaries and pensions. The police chief received $298,000 a year in total compensation, Mr. Righeimer noted. The deputy fire chief had retired with a pension of more than $182,000 a year.
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Governor vetoes Democratic budget

Posted Jun 16, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Sacramento Bee June 16, 2011

Gov. Jerry Brown vetoed his own party's budget today, less than 24 hours after Democratic lawmakers sent him a majority-vote plan balanced with risky solutions.

The Democratic governor said during his campaign and throughout this year he would not sign a budget filled with "gimmicks," though he suggested earlier this week he had relaxed that stance.

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