"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
The U.S. Department of Justice is investigating whether illegal payments were made to employees at California public pension fund giant CalPERS and others to influence where they invested money. This is part of several nationwide probes into many public pension…
LA Times editorial The state’s obligations are outstripping its ability to pay. Now is a good time to put reforms back on the table. CalPERS estimates this year’s losses at close to 30%. Meanwhile, costs for the current fiscal year…
The CalPERS chief actuary says pension costs are “unsustainable,” and the giant public employee pension system plans to meet with stakeholders to discuss the issue. Translation: CalPERS, which has suffered near-catastrophic losses due to the market decline and their own…
CalPers, the enormous State of California public pension plan has decided the best way to make up for their catastrophic losses is by doubling down. Surely if something was a bargain at $10, it’s even more of a bargain at…
Pacific Grove CA may follow Vallejo in filing a Chapter 9 bankruptcy. A primary reason is that CalPERS, the state pension fund, is facing huge losses and can force public agencies like Pacific Grove to make up the difference. A…