Login Register Logout Edit Account search

Sacramento After California Republicans were obliterated in the November midterm elections, I’ve heard from a number of conservative-minded compatriots who are understandably worried about what the Democrats’ new super-duper legislative majorities will mean for the state. They’re not alone. In…

A former deputy commissioner at the Social Security Administration (SSA) says pension trustees are assuming higher investment returns than in the past due to accounting trickery — despite what’s being widely reported in the public sphere. Andrew Biggs, a resident…

Sacramento Gov. Jerry Brown has been signing hundreds of bills, but this week he vetoed two that would have banned smoking and vaping along 300 miles of California’s coastline and at state parks. “If people can’t smoke even on a…

Sacramento Yet another prominent study highlights the depth of California’s and the nation’s pension crisis. The Pew Charitable Trusts recently released a report on the “state pension funding gap” — i.e., the $1.1 trillion-dollar divide between the assets governments have…

Sacramento Under the “leadership” of Gov. Jerry Brown and legislative Democrats, the state government has increased its spending a dramatic $36 billion over the last six years, but never managed to put any additional funding into transportation and infrastructure —…

Sacramento The nation’s largest state-based pension fund, the California Public Employees’ Retirement System (CalPERS), has long been known for using its investment muscle to push for “socially responsible” investments — and for strong-arming private companies to follow its politically correct…

Sacramento California’s pension funds continue to face a fusillade of bad news, including new reports showing that retirement benefits consume 20 percent of Los Angeles’ general-fund budget. Put another way, one out of every five dollars the city spends goes…

Sacramento Last month, I wrote a dour column for the Spectator doubting that a significant new appeals court decision in a major pension case would ultimately change the financial trajectory of our state’s pension systems. Bottom line: A court finally…

Sacramento California’s hardy band of pension reformers show many of the symptoms of “battered spouse syndrome.” No matter how often they are beaten and ridiculed, they cling to hope. Maybe this time, the state will get its act together and…

Sign Up to receive Our Latest Updates! Register