Pensions are the new mortgages. At least, that's the way it appears when cities begin walking away from the obligations to their employees the way some underwater homeowners sought indemnification during the residential market crash. ...
US Bankruptcy Judge Christopher Klein issued a ruling on April 1, 2013 that the City of Stockton was eligible for Chapter 9 Bankruptcy proceedings. Judge Klein’s ruling comes after a 3 day trial where certain ...
EMPLOYEE ORGANIZATIONS NEED TO CREATE VALUE Anyone involved with their union or employee organization would be well advised to read the recent article by Holman W. Jenkins, Jr. in the Wall Street journal entitled “What ...
CalSTRS Response: https://www.calstrs.com/Newsroom/whats_new/pension_reform_response.aspx CalSTRS appreciates that Governor Brown has taken a very important step in addressing the critical and complex issues facing the state's public pension systems. We look forward to receiving more detail on ...
The recent attempts to make public employees the scapegoats for the financial meltdown of 2008 have lead to a nationwide grassroots effort to fight off attacks against pensions and collective bargaining rights. Another attack is ...
The CalPERS, Terminated Agency Pool lacks the ability to get more money from employers and taxpayers if investments expected to fund roughly 67% of pension costs fall short. That coupled with the increased number of ...
The sold out Goyette & Associates conference on “New Strategies for Political Engagement” held in Sacramento yesterday and was an overwhelming success. We received a wealth of information on how to talk to reporters, use ...