Author: Ed Mendel

The annual cost of state worker pensions would increase to $6 billion in July in a recommendation from CalPERS actuaries, up $521 million from the

The one thing some pension reformers say is needed to cut the cost of unaffordable public pensions: give current workers a less costly retirement benefit

California pension funds take a bigger share of tax revenue than the national state average, a research website shows. Why the growing costs are outpacing

The latest financial statements of the state’s fifth largest school district, Elk Grove Unified, list a pension debt of $414.6 million, up from no pension

A board working on a proposal to enroll most small business employees in a state-run retirement savings plan, unless they opt out, was told last

It may surprise cities that did not switch new hires to 401(k)-style plans because of huge CalPERS termination fees, not to mention the authors of

The official analysis of a proposed public pension initiative issued last week said “likely large savings” in retirement benefits would be offset by pressure for

A union coalition contends that a proposed initiative is being falsely portrayed as only a potential cut in pensions for new employees, when in fact

Gov. Brown’s plan to curb the long-ignored debt for state worker retiree health care, now much larger than their unfunded pension debt, may look familiar.