Posts Tagged: stakeholders

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.

OPINION: Seemingly every decade or so, California’s workers’ compensation system is deemed to be “fixed — once and for all.” And yet, like clockwork, each subsequent round of changes to workers’ compensation brings about unintended consequences once in effect.