Posts Tagged: unaffordable
CalPERS headquarters, downtown Sacramento. (Photo: CalPERS)
CalPERS wants unions and local government groups to come up with legislation that would retroactively correct a mistake that could lead to more pension cuts, like the 63 percent reduction last July in pensions promised about 200 former employees of LA Works.
A housing tract in San Jose, Calif. (Photo: PBK-PG, via Shutterstock)
OPINION: When California residents in the Bay Area making over $100,000 per year are considered “low income” and thereby eligible for government subsidies for housing, something is seriously wrong. The issue of affordability is hitting critical mass in regions throughout the state.