Posts Tagged: below
The CalPERS board of governors during a meeting at the pension system's headquarters. (Photo: CalPERS)
New York state pension systems are better funded than California state pension systems, currently take a smaller bite out of state and local government budgets, and still provide pension benefits well above the national average. How do they do it?
An illustration of California's flag. (Lukasz Stefanski, Shutterstock)
Immediately after the 2016 there were a number of people and organizations that made quick analyses of the electorate, and what happened. Here in California, we appeared to be bucking a national trend: While the Republican ticket over performed in key swing states on the East Coast and upper mid-west, California saw Democrats regain legislative super-majorities in both houses, hold swing congressional seats and make Republicans appear more vulnerable than they have in many years.
OPINION: The Congressional Budget Office report also shows that under the hike to $9 per hour, 300,000 people would be lifted out of poverty. However, another estimated 100,000 to 200,000 people would lose their jobs. If the wage increases to $10.10 per hour the number of people being raised out of poverty would rise to 900,000 while 500,000 people would lose their jobs.