Posts Tagged: long-term

Opinion

Politicizing CalPERS, CalSTRS puts pensions at risk

The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)

OPINION: Like most public employees, I pursued a career in state service because I want to serve the people of this state and do my part to promote a safe, healthy, well educated, and just California.  I was also attracted to the financial security and benefits available to public employees.  Unfortunately, politicization of at the California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) threatens these goals and makes me question whether my pension will be there for me when I retire in a few decades.

Opinion

We can’t protect our earth with Donald Trump in office

The forests of Humboldt County in northern California. (Photo: Ethan Daniels, via Shutterstock)

OPINION: Right now, families and communities are paying the price of having a president who refuses to believe in science and the advice of experts and has managed to prioritize the well-being of polluters and corporations over public health. This is all completely unprecedented.

News

A push in California for caregiver tax credits

Gloria and Arthur Brown of San Mateo, who have been married 51 years. Gloria Brown is the primary caregiver for her husband, Arthur, who was diagnosed with Alzheimer's disease four years ago. (Photo: Emma Marie Chiang for California Healthline)

Gloria Brown didn’t get a good night’s sleep. Her husband, Arthur Brown, 79, has Alzheimer’s disease and had spent most of the night pacing their bedroom, opening and closing drawers, and putting on and taking off his jacket.

Opinion

Fair ‘exit fee’ critical to renewable energy future

A concentrated solar energy thermal plant in the Mojave Desert. (Photo: Piotr Zajda, via Shutterstock)

While utility responsibility related to California’s devastating wildfires is dominating headlines and the agendas of policymakers, flying below the radar is a pending decision from the California Public Utilities Commission to change the formula for a fee charged to energy consumers who leave the power supply of investor-owned utilities (IOUs) like PG&E and instead get power from local community choice aggregation programs, also known as CCAs.

Opinion

Lawmakers: Look closely at our energy landscape

An aerial and solar energy installation in the southern California desert. (Photo: Veeterzy, via Shutterstock)

OPINION: The clean energy revolution is here, now, and California is a trailblazer of its success. Solar and wind power, electric vehicle use, rooftop photovoltaics, and community choice aggregation are all on the rise in California. The traditional centralized, fossil-fuel power plants are now competing with renewable and distributed energy sources, forcing the industry and regulators to adapt, and upending close to one hundred years of power generation and distribution. 

Opinion

Millions of seniors pushed into poverty

A senior citizen on a pension displays the remaining funds for this month. (Photo: Gudrun Speck)

OPINION: It is no secret that Californians are living longer, but not necessarily better. By 2030, the state’s senior population will increase by 4 million people, yet the state is woefully unprepared to care for this growing and financially unstable demographic. The lack of any strategy or organized master plan has pushed millions of seniors into poverty, unable to access high-quality, affordable healthcare, dental care, housing and supportive services.

Opinion

Smart cities will move right along with 5G

An illustration of the urban connectivity of a 5G-based wireless system. (Image: Supparsom, via Shutterstock)

OPINION: Smart cities will soon take a major leap forward — thanks to a groundbreaking technology, 5G, or the 5th generation wireless network. 5G is anticipated to be 100 times faster than the current 4G network, which many of our devices utilize today, and 5G will dramatically reduce the time it takes to share information.

Opinion

Urgent need to keep Coordinated Care Initiative

An elderly man in his wheel chair, taking a a breath of fresh air. (Phboto: Kazoka, via Shutterstock_)

Many seniors and people with disabilities who need services through Medi-Cal and Medicare struggle every day to navigate complex health and long-term care decisions. Dealing with a serious illness is difficult enough without having your doctors, specialists, long term care providers, and other health care providers disconnected with no overall attention to the holistic needs of the individual.

Opinion

Broadband: The PUC, mergers and public benefits

Voluminous data displayed on a computer monitor. (Photo: Dimitri Nikolaev)

OPINION: California once again is defining a new era of public benefits from corporate consolidations in advanced communications and high-speed Internet access. Consumers and residents will be measurably better off as a result and California will move closer to closing the Digital Divide.

News

CalPERS eyes long-term rate hike

The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)

CalPERS is considering small increases in employer and employee rates over decades to reduce the risk of big investment losses, a policy that also would lower an earnings forecast critics say is too optimistic. The proposal is a response to the “maturing” of a CalPERS system that soon will have more retirees than active workers. From two active workers for each retiree in 2002, the ratio fell to 1.45 to one by 2012 and is expected to be 0.8 to 0.6 to one in the next decades.

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