Posts Tagged: Harrison

Stem cell agency eyes ballot perils

A liquid nitrogen bank containing stem cells.(Photo: Alena Pavlovich, via Shutterstock)

by DAVID JENSEN posted 10.29.2019

The 29 directors of the California stem cell agency are hearing a warning this week that certain types of their possible activities on behalf of a proposed $5.5 billion ballot initiative could lead to a criminal investigation by state or local law enforcement agencies. While that would seem to be an unlikely event, it has caught up another California public enterprise (the Bay Area Rapid Transit District).

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.