No Pension Crisis in Fresno

Today, Transparent California released 2015 pension payout data from the City of Fresno Retirement Systems (CFRS) — the first time this information has ever been made available to the public. The CFRS is the only major California public pension plan with a funded ratio over 100 percent and, consequently, enjoys a $289 million surplus rather […]

Rolls Royce Health Care Plans for L.A. County Public Agencies

Introduction Despite the warning from the Government Accountability Office (GAO) of the impending burden to state and local governments from rising healthcare costs, many Los Angeles governments are purchasing wildly exorbitant health insurance for their employees, at taxpayers’ expense. Last year the Water Replenishment District of Southern California (WRD) paid $42,942 for a single employee’s health insurance plan. Nearly half […]

AVERAGE Orange County Pension 88% of Final Salary

Would you take a 12 percent pay cut in exchange for a 100 percent reduction in work? In Orange County, if you’ve worked 30 years – say from age 25 until age 55 – that is exactly what you can expect. And many OCERS retirees receiving pensions in excess of their highest salary. For instance, […]