Home News Archive for category "Pension Reform"
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Proposals to limit California public pensions won’t make November ballot

Published on January 19, 2016, by in News, Pension Reform.

For the third time in five years, an effort to put a government pension measure before voters has stalled for lack of money. Former San Jose Mayor Chuck Reed and former San Diego Councilman Carl DeMaio announced Monday that they are backing off plans to qualify a proposal for the November ballot. Instead, they said

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Exclusive: California pension reform measure to target Calpers

A ballot measure campaign to cut California’s public pensions will be launched in May by a coalition of politicians and business people led by former San Jose Mayor Chuck Reed, with the state’s largest retirement system a prime target. The measure would take aim at California’s $300 billion giant Calpers, which has a near-iron grip

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Judge: Stockton can reject CalPERS contract to pay creditors

Striking at the sanctity of public pensions in California, a federal judge ruled Wednesday that U.S. bankruptcy law allows the city of Stockton to treat pension fund obligations like other debts, meaning the city could trim benefits. Stockton argued that it must make its pension contributions for public employees before its creditors are paid the

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San Jose Mayor Chuck Reed loses statewide pension reform ballot challenge

San Jose Mayor Chuck Reed’s statewide pension reform initiative was dealt a major setback Thursday when a judge rejected a lawsuit that could have made it much easier for Reed get his measure on the ballot. Attorney General Kamala Harris, whose office must write an unbiased overview for all initiatives aimed for the California ballot,

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California pension database ready

Published on February 4, 2014, by in Pension Reform.

A nonpartisan think tank on Tuesday will unveil a searchable database of the California workers, teachers and local government employees who get a public pension. The California Public Policy Center’s TransparentCalifornia.com was compiled from more than 3.3 million salary and pension records, including data from the California Public Employees’ Retirement System and the California State

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California pensions: San Jose mayor’s initiative may not make November ballot

Published on January 31, 2014, by in Pension Reform.

The white-hot political battle over public pension reform was supposed to go before a statewide vote this November with a constitutional measure championed by San Jose Mayor Chuck Reed. But now that suddenly is in question. Reed, who leads a group of California city leaders campaigning for the proposal as a solution to soaring retirement

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How Chuck Reed’s Pension ‘Reform’ Scheme Doesn’t Add Up

Published on January 9, 2014, by in Pension Reform.

In late December, California’s nonpartisan Legislative Analyst, the state office responsible for analyzing the impact of proposed ballot measures on state and local budgets, sent up a large red flag. It said that an initiative that would eliminate the Constitutional vested rights of public employees to retirement and retiree health care could cost “billions of

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Press Release – MAYORS TO REED: DROP PENSION MEASURE

Published on December 3, 2013, by in Pension Reform.

Dozens of Local Elected Officials From Throughout State Announce Opposition SACRAMENTO – More than two dozen mayors, county supervisors, city council members and other elected officials from throughout California today urged San Jose Mayor Chuck Reed to end his effort to put a measure on the November 2014 ballot that would slash retirement security for

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PART II – OPPOSING VIEW: “Don’t Demonize Public Pensions”

Published on November 29, 2013, by in Pension Reform.

Credit where credit is due: Conservative activists, business groups and politicians such as New Jersey Gov. Chris Christie have successfully sold the idea that public pensions are unsustainable. In their mythology, greedy government workers are bankrupting states and pension-slashing politicians are saving the day. But there’s a big problem with this: It is inaccurate. David

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PART I – OUR VIEW: “Rein in Recless Public Pensions”

Published on November 29, 2013, by in Pension Reform.

This month’s races for governor sent a widely noted message that Republicans will do much better if they nominate center-right candidates like New Jersey’s Chris Christie than far-right candidates like Virginia’s Ken Cuccinelli. Less remarked was the message that the New Jersey race sent to Democrats. It is not often that a state votes for

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