Posts Tagged: sole

Fire, water and Trump’s tweets

A firefighting helicopter takes water from a golf course pond in Stevenson Ranch near Santa Clarita. (Photo: Krista Kennell, 2007)

by SCOTT SORIANO posted 09.07.2018

On Aug. 6, President Donald Trump made his first Twitter statement on California’s summer fire season, which started on June 1. Unlike his statement on last year’s Wine Country fires, when the president tweeted condolences to victims of the fires and support for the firefighters, Trump used these latest natural disasters to troll California with nonsense.

A pension reform initiative filed last week requires voter approval of termination fees, the big upfront payment demanded by CalPERS when a plan is closed to new members. CalPERS says it needs the money to ensure payment of the pensions promised members who remain in the closed plan. The termination fee is calculated by dropping the pension fund earnings forecast from the current 7.5 percent to as low as 2.98 percent.