A photo illustration using stacks of quarters to show rising interest rates. (Photo: Doubletree Studio) Would you take out a loan for a new home if you didn’t know the interest rate? How about for a car? Or even for a credit card? More than likely, not.
The CalPERS' governing board during a meeting several years ago at the pension fund's headquarters. (Photo: CalPERS board)A tentative CalPERS proposal would limit the board president and committee chairs to four consecutive one-year terms, a policy that could end the long-running presidency of Rob Feckner in 2017. He has presided over times good and bad at the nation’s largest state public pension system.
The state Capitol, Sacramento. (Photo: AMadScientist, via Wikimedia)Legislators may serve a maximum of twelve years in the Legislature. Someone could serve six, two-year terms in the Assembly, or three, four-year terms in the Senate, or some combination of terms in both houses. This system replaced a more chaotic term limits system of six years in the Assembly and eight years in the Senate, which resulted in Assembly members constantly seeking to “jump” from the Assembly to the Senate in what fairly can be described as a non-stop series of elections and musical chairs.
Gov. Brown on Jan. 9 in the state Capitol as he unveiled his 2015-16 draft budget. Brown's budget includes the newly approved "rainy day fund."(Photo: AP/Rich Pedroncelli)During his press conference outlining his new $164.7 billion state spending plan, Gov. Jerry Brown made extensive remarks about Californians living in poverty, and the challenges the state faces in dealing with those who continue to struggle economically. As California’s economy has recovered, statistics show nearly 25% of the state still lives in serious economic stress.