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Stories related to: pensions

California Justices Question Attorneys In Key Pension Case

December 5, 2018

(AP) — California Supreme Court justices peppered an attorney representing state workers in a lawsuit over a change to public employee pensions that could upend California's long-held rule that retirement benefits can't be taken away once promised.

State Government

Can CalPERS Divestment Make A Difference In Controversial Projects?

November 2, 2017 | Ben Bradford

Opponents of the Dakota Access Pipeline, a border wall, and guns used in the Las Vegas shooting sought what may seem an unlikely ally this year—California’s public pension system.

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State Government

Number Of UC Retirees Collecting Six-Figure Pensions Has Increased

September 25, 2017 | Sally Schilling

The number of University of California retirees collecting six-figure pensions has increased 60 percent since 2012 - and those increasingly generous retirement packages are being paid for in part by students' tuition.

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California's Pension Crisis

The Cost Of California’s Public Pensions Is Breaking The Bank. Here’s One Reason This Problem Is So Hard To Fix

April 11, 2017

The fate of reform measures hangs on ballot language written by the state attorney general, usually a Democrat elected with strong union support.

California's Pension Crisis

A Tale Of Two Sectors

February 9, 2017 | Ali Budner

The general assumption for retirement security is a job in the public sector. The trade-off means lower pay, however. Meanwhile, the private sector has strayed from pension promises, but is a 401(k) worth it?

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Insight With Vicki Gonzalez

California Pension Crisis: Richmond

February 8, 2017

How are cities across California responding to the ballooning cost of pensions in the state? CALmatters Reporter Judy Lin explores a case study in Richmond where priority police and library services are already being cut.

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California's Pension Crisis

El Monte's Mayor Wants To End Bonus Pensions Costing Millions But His Hands Are Tied

January 26, 2017

The mayor of El Monte, a cash-strapped San Gabriel Valley city with many retired employees drawing two pensions, says there’s "no rational justification" for the double pensions.

Insight With Vicki Gonzalez

Reporter Tells Stories Of California Retirees Struggling With Pension

November 29, 2016

In our ongoing series on California’s Pension Crisis, we hear the stories of some retirees who argue the benefits aren’t excessive. Reporter Sam Harnett guides us through the tales of three California retirees.

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California's Pension Crisis

Are Public Pension Benefits Excessive? State Workers Say 'No'

November 28, 2016

California faces a $240 billion unfunded pension liability. But retired state workers who receive pensions say they are tired of drawing public blame.

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California's Pension Crisis

Paying For Public Retirees Has Never Cost L.A. Taxpayers More. And That's After Pension Reform

November 28, 2016

Retirement benefits now eat up 20% of city’s general fund revenue. Touted cost controls won't have real impact for decades.

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