Posts Tagged: raise
CalPERS' governing board during a 2013 meeting. (Photo: CalPERS board)
Calpensions: The state’s two largest public pension systems never recovered from huge investment losses during the deep recession and stock market crash in 2008. CalPERS lost about $100 billion and CalSTRS about $68 billion. Now after a lengthy bull market, most experts are predicting a decade of weak investment returns, well below the annual average.
A human DNA complex. ((Illustration, Shutterstock)
Donald Trump’s victory last night, oddly enough, could be good news for the future of the California stem cell agency. It could be George Bush all over again.
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.
OPINION: Recently the Assembly unanimously passed my bill AB 2293. This common sense legislation will clarify insurance coverage plans for transportation network companies (TNC), such as Uber, Lyft and others. My bill also requires important disclosures from TNCs that ensure drivers and all parties are aware of the insurance policy coverage in place. The legislation, AB 2293, passed 71-0 in a unanimous and bipartisan vote and now moves on to the Senate policy committee.
Election 2014: California voters will decide in November whether to raise the decades-old $250,000 cap on pain and suffering damages in medical malpractice lawsuits. The ballot initiative, which also calls for drug and alcohol testing for doctors, will join four other measures that already have qualified for the ballot.
Following the city charter, a reluctant San Bernardino city council last week approved a police pay raise costing about $1 million, the second $1 million police salary increase since the city filed for bankruptcy last year. The four council members who voted for the 3 percent pay hike all criticized a city charter provision linking San Bernardino to the average police pay in 10 other cities, most much wealthier with higher per-capita income.
The Feb. 19 auction of emission allowances, a key piece of California’s law to curb climate-changing greenhouse gases, will carry a slightly higher reserve price than last November’s cap-and-trade auction, the state’s top air-quality regulator told lawmakers on Monday.
Mary Nichols, the chair of the California Air Resources Board, said the per-allowance reserve, or