Posts Tagged: employers

News

Private firms eye state-run pension savings plans

A retiree checks out the newspaper in his back yard. (Photo: Budimir Jevtic, Shutterstock)

Calpensions: A board working on a proposal to enroll most small business employees in a state-run retirement savings plan, unless they opt out, was told last week that small technology-focused financial firms could do the job. The founders of three firms that offer 401(k)s and other retirement plans to small businesses did not object to competition from the state.

News

Does SCOTUS ruling ease cuts to public retirees’ health care?

Two senior women exercising at a health club. (Photo: Karel Hoppe)

A U.S. Supreme Court ruling in January weakens the “vested rights” protection of retiree health care based on a labor contract, potentially making it easier for government employers to cut a growing cost. The high court overturned an influential federal appeals court ruling that said retiree health care authorized by a short-term labor contract is presumed to be a lifetime benefit, unless the contract has clear language to the contrary.

Opinion

Cap-and-trade: Fix needed now on regulation

A powerplant at sunset. (Photo: David Crockett)

Gov. Jerry Brown proposed in his recent state-of-the-state address that California should take steps to approve an aggressive new greenhouse gas reduction goal for 2030. This additional proposal would take California beyond the current 2020 goal set by Assembly Bill 32, the California Global Warming Solutions Act of 2006. The AB 32 Implementation Group is concerned that creating a 2030 goal will shift attention away from current regulations that are intended to meet the greenhouse gas emissions goal California’s elected officials adopted in 2006 for 2020.

Opinion

With voters, candidates’ experience is crucial

Voters in Ventura County cast ballots during a recent election. (Photo: Spirit of America, Shutterstock)

OPINION: Inside the I-80 Beltway, aka Sacramento, there is no shortage of political writers and pundits, pollsters, candidates and campaign consultants that try to “explain” election results. They draw sweeping conclusions after analyzing turnout, cross-tabs from as many polls as possible, candidates’ mail and messaging, and all the money spent on behalf of, or against candidates by “independent expenditure committees”

News

Brown budget eyes full funding for teachers’ pensions

Lobby of the CalSTRS building in West Sacramento. (Photo: Paul Houseberg)

Gov. Brown has made a long-delayed proposal to get CalSTRS to full funding over the next three decades, giving the biggest rate hike to schools and smaller increases to the state and teachers. The nation’s largest teacher pension fund, which received $5.8 billion from the three sources last fiscal year, needs an additional contribution of about $4.2 billion a year to project full funding in 30 years.

News

Longer life, costlier pensions?

CalPERS' headquarters in Sacramento. (Photo: Coolcaesar/en.wikipedia)

A new study shows CalPERS members are living longer. It’s the first step in a review of workforce changes and investment polices that could lead to higher contribution rates for employers and possibly employees. (Photo: coolcaesar, en.wikipedia)

News

Small business owners ponder ACA

Jerry Schumacher’s Fullerton-based engineering firm seems like the perfect example of what President Obama would like to see from American business when it comes to health care. The company offers coverage to all of its full-time employees, and pays 100 percent of the monthly premium.

News

Huge public pension losses could be offset by reforms

A nationwide study, including CalPERS and CalSTRS, projects that huge pension fund losses during the financial crisis will be offset over three decades by a wave of recently enacted cost-cutting reforms — but only if several things happen.

 

–Pension fund earnings forecasts must hit their target. Critics say the forecasts, 7.5 percent a year

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