Posts Tagged: jurisdictions
A top view of a VW diesel engine. (Photo: Shanti Hesse)
The California Air Resources Board’s aggressive questioning of Volkswagen about emission test results led to the company admitting in 2015 that it used a “defeat device” designed to cover up diesel emissions that greatly exceeded legal limits. The massive fraud case — it included a $14.7 billion settlement in 2016 and $4.7 billion in civil and criminal fines this year — dramatically underscored California’s role as a national and international air-quality watch dog.
A photo illustration of court finances. (Rusian Grumble, Shutterstock)
California’s courts impose hundreds of millions of dollars of “excessive and disproportionate” fines each year for common infractions, then use much of the money to support their own operations. A blue-ribbon panel examining the system said the fines should be collected by the executive branch — not the courts themselves — to avoid conflicts.
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)
Calpensions: Twice in recent decades CalPERS fell below 100 percent of the funding needed for promised pensions, and twice CalPERS climbed back. But since a $100 billion investment loss in 2008, the CalPERS funding level has not recovered.