The CalSTRS board was told this month that financial experts are forecasting investment earnings of 7 percent a year or less during the next decade, below the 7.5 percent assumed by the pension fund. If that’s correct, long-sought legislation in June that phases in a $5 billion CalSTRS rate increase over the next seven years could fall short of the goal of projecting full funding in three decades.
DMV Director Jean Shiomoto on the job. (Photos: Scott Duncan, Capitol Weekly)Jean Shiomoto, who grew up on a pear farm in the Delta, has one of the toughest jobs in California – she runs the Department of Motor Vehicles. In this car-happy state – by one estimate, L.A. County alone has 5.9 million registered automobiles, more than all but five states – anything do with with automobiles is a big deal.
In recent years many of us have spent far more time than necessary at various public meetings awaiting our three minutes to speak during “Public Comment,” an item often placed dead last on the agenda. By that time, most of the attendees have long departed.
A surgical team works on a patient. (Photo: AUSaid)On Oct. 23, 2013, San Diego physician Dr. Scott D. Greer submitted urine and hair samples to an investigator for the Medical Board of California, which oversees physician licensing and discipline. Laboratory tests found the samples to be positive for opiates and oxycodone, but not for alcohol. Nearly one year later, on Sept. 8, Greer was placed on probation for seven years by the board. His license was suspended for 30 days, effective Oct. 24
Clean-energy advocates demonstrate on the steps of the state Public Utilities Commission, which is covered by the anti-secrecy law known as the Bagley-Keene Act. A California law intended to block secret decisions in the state bureaucracy actually prevents officials from talking to each other on crucial matters, according to their testimony before a state investigative panel. The issue, which intensified in the wake of recent activities at the California Public Utilities Commission, arises from changes in the 1967 Bagley-Keene Act, which is intended to assure the public’s access to the actions of state boards and commissions.
OPINION: Simply put, learning to do surgery requires actually doing procedures on live human patients in sufficient numbers to develop competence. Indeed, sufficient numbers are vital to develop the judgment to choose the right procedure and – particularly important — manage complications (including rare ones) that may arise.
There’s nothing like Sacramento in August: Stifling heat, frantic lobbyists, late-night sessions, pain, general angst – and Capitol Weekly’s Top 100 list. Fits right in. This rundown represents our view of the unelected Capitol community’s inner workings.
Merced County pensions may have the lowest funding level of any public pension system in California, a shortfall officials attribute to a big retroactive pension increase for all county employees a decade ago and faulty actuarial work. In the latest annual public pension report from the state controller’s office, Merced County stands out with the lowest level of funding in the last reported year, 54.7 percent in 2010-11.
California motorists in a traffic jam. (Photo: Shutterstock)In this dry summer, water is on everyone’s mind, but the Legislature will be dealing with the cost of another liquid precious to Californians – gasoline. Starting Jan. 1, gasoline prices are to be raised by an estimated 15 cents per gallon as a consequence of an increased tax on oil and gas companies to help curb release of greenhouse gas emissions.
A drought-stricken farm in Central California. (Photo: Johnny Habell)As California suffers through its third-driest year on record, the effects of the drought are hitting home in some of the nation’s richest farmland. The state’s $37.5 billion-a-year agricultural yield represents about 12 percent of the nation’s total. Agriculture uses about about 80 percent of the state’s water.