Posts Tagged: teachers

Opinion

Stock market soars — and so do public pension costs

The New York Stock Exchange on Wall Street, New York. (Photo: Wikipedia)

The way our government accounts for public employee pension promises is nothing short of fraud, yet no public official has gone to jail or paid a price for what surely ranks among the largest muggings of citizens in US history. Let me explain. As the stock market reaches record levels, little is heard anymore from public officials who used to blame market declines for rising pension costs.

News

Schools closely eye CalSTRS rate hike

The push back from schools hit with a huge CalSTRS rate increase, expected to be an additional $3.7 billion a year when fully phased in, is not that it’s unaffordable and will hurt students or unfairly lets the state and teachers off the hook. Instead, a coalition of school districts, including the giant Los Angeles Unified School District, wants a separate budget item for the CalSTRS rate increase within Proposition 98.

News

LAO: Lawmakers should look closely at Brown plan for retirees’ health care

An elderly patient receiving health care at a hospital. (Photo: Photographee.eu, via Shutterstock)

The LAO, noting that most of Brown’s plan bypasses the Legislature, says lawmakers should hold hearings on state worker retiree health care, going back to square one, 1961, when the benefit began. Times were different then. Workers were at risk of losing health coverage when they retired. Now state workers are eligible for federal Medicare at age 65.

News

States eye CalPERS pension model

The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)

Calpensions: A California plan to give private-sector workers a state-run retirement savings plan is nearing $1 million in contributions, the goal set to pay for a market analysis to help design the program. Although the California plan is still in the formative stage, last week the Illinois legislature approved a plan based on the California model, even using the same name, “Secure Choice.”

News

Democrats divided: The race for state schools superintendent

Tom Torlakson, left, and Marshall Tuck, candidates for state schools superintendent, debate the issues. (Photo: Frame capture, calchannel.granicus)

For an obscure elective office that is often ignored, unknown or regarded as superfluous in California’s convoluted education bureaucracy, the November election for state Superintendent of Public Instruction is shaping up as one of the most contentious — and costly — races among statewide candidates. It has become a lightning rod for widespread dissatisfaction with schools in California, which have consistently been ranked among the lowest-performing and poorly funded in the nation.

Opinion

Voter Registration Day: A reminder to participate in Democracy

OPINION: Today is National Voter Registration Day and it falls between two historic legislative anniversaries this year and next year that remind us how so many people struggled for the voting rights that too many fail to use now. You can either cast a ballot, or cast a shadow over our democracy by not voting at all this November.

Opinion

Labor Day: Standing together for economic justice

OPINION: This Labor Day, more than ever, working people are reminding communities that we are your neighbors, and that our unions are keeping the middle class intact and strong. Whether we are your local teachers, police officers, firefighters, or state or county public workers, we continue to work together to provide a quality education for our students, safe neighborhoods for our families, and well-run communities for all of us.

Opinion

Vergara: An attack on teachers, schools, students

A California school sign alerting motorists to the presence of youngsters. (Photo: Eddie J. Rodriquez)

OPINION: From the beginning, the Vergara v. State of California lawsuit has highlighted the wrong problems, proposed the wrong solutions, and followed the wrong process. This deeply flawed lawsuit was not about helping students, but yet another attempt by millionaires and corporate special interests to undermine the teaching profession and push their agenda on California public schools and students

News

Funds for teachers’ pensions gets approval

Full funding of the troubled California State Teachers Retirement System has been approved by the Legislature, with most of the additional $5 billion coming from school districts that get no offsetting money from the state.

Opinion

Workers, not billionaires, key to public pension parley

OPINION: Public employees have shown they are willing to do their part to help balance government budgets. We may not have liked the pension system overhaul Governor Brown signed in 2012, but once it became law our union leaders helped to implement the changes, which will amount to a reduction of more than $77 billion to public workers’ retirement and health care benefits.

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