Posts Tagged: plan
Most California public pension funds have the power to raise annual employer rates when they need more money. The California State Teachers Retirement System, a century old this year, is an outlier that needs legislation to raise rates. As lawmakers at the Capitol struggled with budget cuts during a deep economic recession, pleas for a CalSTRS rate increase were not acknowledged with a legislative hearing until last year.
U.S. Bankruptcy Judge Christopher Klein, ruling disclosure was adequate, gave Stockton permission to circulate the debt-cutting “plan of adjustment” to all creditors for a vote on Feb. 10. An objection from one creditor can force a trial.
In 2013, the Legislature and the Governor agreed to a restrained state budget for 2013–14, and our forecast of state tax revenue collections has increased since last year. Accordingly, we now find that California’s state budget situation is even more promising than we projected one year ago.
Reduce Parolee Recidivism. This could include (1) improving or expanding current rehabilitation programs, (2) developing alternative sanctions for technical violations, or (3) better matching of programs and parolees.
The Public Policy Institute of California
A record-high majority of Californians say state government should act right away to reduce greenhouse gas emissions, rather than wait until the economy and job situation improve. This is among the key findings of a statewide survey released today by the Public Policy Institute of California (PPIC).
No one plans for a legal issue to disrupt their lives, yet three out of four Americans find themselves dealing with a legal event each year. You shouldn’t have to face the headaches, lost time and expensive fees that come with tackling these legal challenges on your own.
That’s why the State of California
The CalPERS board may make it more costly for struggling local governments to close their pension plans.
A pending change is driven in part by unusually low interest rates and the fear of an unlikely, but now not inconceivable, collapse of a large employer like the bankrupt city of San Bernardino.