"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Reality is finally intruding into the delusional world of public pensions. New actuarial rules will force public pension funds to assume a 5.5% rate of return, the same as private pensions, rather than the absurd 7.5% they’d been allowed to use.…
You read that headline right. In his weekly radio address on Saturday, Gov. Schwarzenegger said Republican legislators tried to block badly needed public pension reform. The reason for this seemed to be because they were getting large contributions from the…
My latest for CAIVN At least 75 cities, counties, and public entities in California are considering cutting public pension benefits as well as raising the amount employees must contribute. Four localities, including San Francisco, will probably have pension-related ballot initiatives…