pension Archives

Commentary: CalPERS Gambles on Risky Investment Move

June 21, 2020

The California Public Employees Retirement System, the nation’s largest pension trust, benefited greatly from the runup in stocks and other investments during the last few years, topping $400 billion early this year. CalPERS needed it because it was still r...

Walters: High Court Weighs Timely Pension Case

Dan Walters, CalMatters Commentary

May 7, 2020

It was purely coincidental that state Supreme Court justices heard arguments this week in a landmark case involving public employee pensions as state and local officials were beginning to wrest with the severe ...

Walters: Bait and Switch on Pensions

Dan Walters, CalMatters Commentary

December 8, 2019

Local officials, particularly those in California’s 400-plus cities, have been complaining loudly in recent years about pension costs, raising the specter of insolvency if they continue their rapid increase. ...

Walters: Pension Costs Hitting Home — Hard

Dan Walters, CalMatters Commentary

November 5, 2019

Stanislaus Consolidated Fire Protection District came into being 14 years ago when four small fire departments serving farms and small towns east of Modesto merged. The district now flirts with insolvency, a case study in how rapidly growing costs for pensi...

Photo of California State Auditor Elaine Howle

Is Your City Ready for California’s Next Recession?

CalMatters

October 27, 2019

By Judy Lin and Elizabeth Castillo CalMatters California might be enjoying a historic economic expansion, but pockets of the state could be devastated in the next recession and at least 18 cities are even...

Walters: Pension Benefits Hinge on State Supreme Court Case

Dan Walters, CalMatters Commentary

December 13, 2018

California’s public employee unions suffered a potentially heavy blow this year when the U.S. Supreme Court declared that they could not charge “fair share fees” to non-members. Opinion by Dan Walters...

Jerry Brown’s Last Stand on Pension Reform

CalMatters

December 8, 2018

Six years ago, as California strained to emerge from the Great Recession, Gov. Jerry Brown worked a minor political miracle — a rebalancing of the massive state pension systems for public employees. by Judy Lin CALmatters Brown, who at 80 has al...

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Commentary: CalPERS Gambles on Risky Investment Move

Walters: High Court Weighs Timely Pension Case

Walters: Bait and Switch on Pensions

Walters: Pension Costs Hitting Home — Hard

Is Your City Ready for California’s Next Recession?

Walters: Pension Benefits Hinge on State Supreme Court Case

Jerry Brown’s Last Stand on Pension Reform

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