Posts Tagged: investments
A man pays digitally at a restaurant using a smart phone. (Photo: Brain2Hands, via Shutterstock)
OPINION: The demand for clean, cost-effective alternative fuel vehicles, trucks and buses continues to rise. The installation of thousands of alternative fuel pumps and charging stations up and down the state, supported by state grants and dedicated funding, has helped to make this possible. However, a bill making its way through the State Legislature threatens to unravel these advancements and slow the adoption of clean vehicle fleets.
Lines delivering energy and communications along a rural stretch of the Pacific Coast Highway. (Photo: Lux Blue, via Shutterstock)
OPINION: California is a national leader in clean energy. Contrary to the perspective of advocates for Community Choice Aggregators (CCAs), the question before the California Public Utilities Commission (CPUC) on Sept. 27 is not whether our state will continue to lead the nation in renewable energy, but whether all customers will contribute equitably to the costs of those investments and to system-wide electric reliability.
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)
A tentative CalPERS proposal would limit the board president and committee chairs to four consecutive one-year terms, a policy that could end the long-running presidency of Rob Feckner in 2017. He has presided over times good and bad at the nation’s largest state public pension system.
Elementary school students in a California classroom. ((Photo: Monkey Business Images)
A new analysis of the state budget from the nonpartisan Legislative Analysts Office identifies about $1.1 billion in new money available in the budget for discretionary spending. Gov. Jerry Brown and legislative leaders have an opportunity to make spending decisions that will prioritize children, many of whom took the brunt of budget cuts over the last decade.
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.
A bill that started out as Gov. Brown’s proposal to restructure the CalPERS board emerged from the Legislature last week as a more modest change: a requirement that CalPERS board members receive 24 hours of education in pension fund operations.
The total spending increase needed to get CalSTRS, brought low by mismanagement, back to full funding may be the biggest-dollar scenarios ever presented to a California legislative committee. Legislators were told last week an additional $181.7 billion would be needed for full funding in 20 years. If payments are spread out to ease the budget bite, the additional amount needed to reach full funding in 60 years is a staggering $618 billion.
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)