pension

5:27pm

Thu February 6, 2014
Politics

San Jose Mayor makes case for controversial pension plan

Spartan Daily

Governor Jerry Brown sounded the alarm yesterday, not about the drought, but about the skyrocketing pension costs the state will continue to incur in the years to come.  In a letter to CalPers - the state’s pension fund - the governor warned that plans must be made for longer-lived retirees that will drive pension costs up by $1.2 billion a year.

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12:21am

Fri March 15, 2013

12:00pm

Mon January 28, 2013
Gun control

East Bay Express: Teachers financing guns

Courtesy of EastBayExpress.com

The state teachers' retirement system is attempting to divest itself from a company that finances the manufacture of assault weapons like the one used at Sandy Hook Elementary School. But even if it does, it still won't be out of the gun business.

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5:18pm

Tue August 28, 2012
Politics

Governor announces public pension plan

Earlier today Governor Jerry Brown announced that he had reached a deal with state lawmakers that would mean sweeping changes for California’s public pensions system, and affect hundreds of thousands of state workers. The new rules would cap pensions while increasing the amount employees pay in; they would also increase the retirement age by up to seven years.

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7:46pm

Tue August 14, 2012
Economy/Labor/Biz

The pension problem: California cities search for solutions

Under CC license from 401kcalculator.org/Flickr

Thousands of Californians spent years working for city governments and are now collectively owed billions of dollars in retiree health care benefits. But a new study by the nonprofit research group California Common Sense finds that many cities, including Oakland and San Francisco, haven’t ever set aside money to pay these costs.

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