Posts Tagged: costs

News

Small town eyes CalPERS exit costs

Calpensions: A small but affluent Orange County city, with a current staff of only a half dozen employees, would have to pay about $3.6 million to leave CalPERS, the giant state pension system estimated two years ago. “I almost feel like just handing this to a reporter and saying, ‘Look at this.’

News

Talks loom on statewide pension reform

Calpensions: Backers of a Ventura County pension reform initiative, which was removed from the November ballot recently by a judge last week, are not appealing the ruling. But they may meet with other reformers after the elections this fall to discuss a statewide pension reform initiative.

Opinion

Minimum wage: Let companies raise it themselves

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.

News

Clock ticking on CalSTRS shortfall

Getting CalSTRS back to full funding, if rates are steadily increased over the next half dozen years, would take an annual increase reaching more than $5 billion a year by 2020 — about what the state general fund currently spends on UC and CSU combined. (Photo: CalSTRS lobby, Paul Housberg)

News

Gender bias in long-term care costs

California, home to the largest number of older adults in the nation, would become the third state after Colorado and Montana to prohibit using sex as a means to differentiate the prices in long-term care policies — if the measure ultimately becomes law. “I term out in November… so this is my first and last opportunity — as an Assembly member anyway — to take this issue up,” said Assemblywoman Mariko Yamada, D-Davis. Her bill is AB 1553, introduced Jan. 27.

News

LAO eyes pension initiative

A major public pension reform initiative got a mixed cost analysis last week from the nonpartisan Legislative Analyst’s Office. The measure would give state and local governments the option of cutting retirement benefits current workers earn in the future, while preserving benefits already earned through past service.

Opinion

Gov’t rules fuel hospital prices

OPINION: Just as patients don’t want to see a $15 charge for an aspirin on their hospital bill, hospitals don’t want to charge patients those prices. Hospital pricing has evolved because of decades of government regulations, cost shifts to private payers and unfunded government mandates (including expensive seismic retrofitting), inadequate Medicare and Medicaid reimbursements, and the obligation for hospitals to treat all patients, regardless of ability to pay.

Opinion

ACA: ‘Mom and Pop’ firms shunned

OPINION: Sadly as we witness the Affordable Care Act unfold, we’re seeing the exact opposite. We’re finding “mom and pop” small businesses – indeed, our leading job creators – not just marginalized, but much of the time left out of the discussion altogether.

News

Bigger health care bite for state retirees

The rapidly growing cost of state worker retiree health care, a more generous benefit than received by active state workers, soon could be taking a bigger bite out of the state general fund than pensions. As if trading places, a new forecast expects the annual general fund payment for state worker retiree health care, now $500 million less than the payment for pensions, to be $500 million more than the pension payment in six years.

News

State’s finances showing strength

In 2013, the Legislature and the Governor agreed to a restrained state budget for 2013–14, and our forecast of state tax revenue collections has increased since last year. Accordingly, we now find that California’s state budget situation is even more promising than we projected one year ago.

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