Posts Tagged: pay
News
The longest walkout in the history of U.S. higher education is over, but a critical question remains: Will the new contracts do enough to improve the living and working conditions that drove the academic workers to launch the 40-day strike?
Opinion
As residents of one of the highest taxed states in the nation, Californians have a right to expect the government they pay handsomely to provide the basic services their taxes fund. For instance, we expect that when we have an emergency and we dial 9-1-1, help will arrive in a burst of flashing lights, sirens, and hurried professionals.
News
No one at the strip club wanted to talk about Dynamex. Dynamex refers to a landmark decision by the California Supreme Court, officially known as Dynamex Operations West, Inc. v. Superior Court of Los Angeles, that set standards to determine whether a worker is an employee or an independent contractor.
Opinion
OPINION: I first started having problems with my kidneys when I was 11-years-old. By the time I was 20, I was on dialysis. I was able to keep my kidneys for a while, but as often happens with kidney disease, the illness eventually took over. Almost 40 years and three kidney transplants later, I have beaten the odds by staying alive, but only because of the dialysis treatment I receive every day.
News
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.
News
First CalPERS announced last year that it was cutting the eye-popping pension of a former city of Vernon official, Bruce Malkenhorst, from $551,688 a year to $115,848. Then yesterday the CalPERS board approved the recovery of a $3.5 million pension overpayment from Malkenhorst, 84, who retired in 2005 from the tiny industrial city south of downtown Los Angeles known for corruption.
News
After a loss of $100 billion in the recent recession, the CalPERS funding level dropped from 100 percent in 2007 to 61 percent in 2009. It has not recovered, despite a major bull market in which the S&P 500 index of large stocks tripled. “Even with the dramatic returns we have seen over the past six years, because the demographics of plans in general have changed and plans are now by and large cash-flow negative, it’s been very challenging to dig out of that hole,” Andrew Junkin, a Wilshire consultant, told the CalPERS board last week.
News
A San Bernardino plan to exit bankruptcy follows the path of the Vallejo and Stockton exit plans, cutting bond debt and retiree health care but not pensions. Then it veers off in a new direction: contracting for fire, waste management and other services. The contract services are expected to reduce city pension costs. Other pension savings come from a sharp increase in employee payments toward pensions and from a payment of only 1 percent on a $50 million bond issued in 2005 to cover pensions costs.
Opinion
When I was a member of the electrical engineering faculty at the University of Michigan in the early 1990’s, I will never forget what the head of our department would invariably say to me whenever I stayed in the lab to work late. “Why are you still here,” he wanted to know. “Don’t you have a family to go home to?” From equal pay for equal work to access to health care and a host of other issues, it should be obvious to any thinking person that we don’t have the level playing field valued by so many Americans.
News
Adult education in California may see its first funding increase in the state budget, following years of school closures and savage cuts stemming from the recession. The Department of Education estimates 100 school districts have closed their adult schools since districts were permitted to use “categorical” money in their budgets.