According to a recent article, the California Public Employees’ Retirement System (CalPERS) is considering a meaningful reduction in the investment return it assumes when establishing
Citizens feel confident President Obama would never move himself and his family to another country for their safety. National security is the #1 presidential responsibility.
California’s General Fund will spend $122 billion this fiscal year. The state budget illustrates that spending in the following manner:
A review of California’s 2016–17 state budget yields a new pattern as spending surges on retirement and Medicaid (Medi-Cal) costs. Budget shares have changed dramatically
Board members at CalPERS and other public pension funds often mislead citizens about the reasons for rising pension costs and worsening Funded Ratios (the ratio
Several reporters have asked about the consequences of CalPERS’s weak investment earnings. Although CalPERS has not issued an actuarial report since June 30, 2014, one
“The secret to stellar grades and thriving students is teachers,” writes The Economist in a recent editorial. One study cited by the magazine found that “in a single
If ever you wondered about the importance of elections to the California State Legislature, read below. While the legislature considers yet another compensation increase for
Nothing has the power of accrual accounting to unmask and curtail reckless fiscal behavior by elected officials. As one example, accrual could’ve stopped the largest non-voter-approved debt