Pension Measure Wave Crests, Court Slog Remains
One of the first local ballot measures aimed at cutting public pension costs, a cap on Pacific Grove payments to CalPERS approved by voters three years ago, was ruled unconstitutional by a Monterey County superior court judge last week. Judge Thomas Wills ruled Friday that Measure R violated the contract clause of the state constitution, […]
GASB Pension Rules: Sticker Shock Less Likely
Crossposted on CalPensions New public pension accounting rules scheduled to be issued next month, once expected by some to reveal massive hidden debt, now seem less likely to trigger a shake-up and are even getting applause from pension officials. Under the new rules, experts say, most California pension systems will make little if any use […]
Will San Jose & San Diego ‘B’ for Pension Reform?
Originally posted at CalPensions The mayors of San Jose and San Diego are backing local measures on the June ballot that aim to make the change critics of costly public pensions say is the key to major reform — cutting the cost of pensions earned by current workers in the future. Using different methods, Measure […]