California’s pension systems should be more cautious about taking risks with taxpayers’ money and workers’ retirement benefits.
Nearly a decade after Tarlochan Sandhu took a part-time job helping various cities complete their budgets, the retiree is facing a nearly $660,000 bill from CalPERS — California’s largest public ...
Researchers recently found former state and local government employees contributed $28 billion in wages and salaries over the span of a year across California through pension spending. Those receiving ...
The tide of uncertainty that’s roiled financial markets is raising new concerns about California’s underfunded retirement systems for millions of teachers, firefighters, police officers and other ...
Several troubling bills in the California legislature are aiming to reverse critical cost-containment and risk-management public pension reforms that have stabilized the state’s pension systems and ...
There’s been talk of late about public employees, both on the national and state levels. State Treasurer Brad Briner took ...