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
CalPERS last week gave some 1,575 local governments a small increase in their annual pension costs, one of the last rates kept low by unusual actuarial policies adopted after a $100 billion investment loss five years ago.
As a slowly improving economy bolsters government budgets, CalPERS is considering changes in investment and actuarial policies
The great health care reform countdown has begun, with nearly every American required to have some level of health insurance by the end of this year. That much we know for certain. What remains to be seen, however, is whether simply adding more people to the insurance pool will translate into better health for policyholders.
The Antioch city council is scrambling to reverse previous pension cuts before a statewide reform takes effect Jan. 1, an attempt to aid the recruitment of experienced police officers from other cities.
The reform pushed through the Legislature by Gov. Brown imposes a uniform lower pension formula for new hires. Unions no longer will
Recent reports from the Franchise Tax Board estimate that California faces a roughly $6.5 billion “tax gap” from unpaid taxes. Remarkably, the state has overlooked an easy solution that is already on its books to help close the tax gap: a reward program to encourage whistleblowers to report tax fraud and tax evasion.