TODAY’S QUESTION: Should public employees earn the same retirement benefits as employees of large private companies?
Should public employees earn the same retirement benefits as employees of large private companies? Continue reading
NY Times: California Teacher Pensions Fall Short of Other Public Workers
As states and cities debate whether benefits can or should be cut back for public workers, a new study suggests some of those workers have a lot more to fight for than others. The study found that public school teachers’ … Continue reading
CFFR’s Marcia Fritz: Fix pensions and we won’t have to fire teachers
California Foundation for Fiscal Responsibility President Marcia Fritz: California taxpayers would save billions of dollars that would flow to public schools, community colleges and universities if state and local public employees retired with benefits comparable to those provided to employees … Continue reading
Gates Says Benefits Costs Hit Schools
Billionaire philanthropist Bill Gates will step into the national debate over state budgets Thursday with a call for states to rethink their health care and pension systems, which he says stifle funding for public schools. Mr. Gates in an interview … Continue reading
VIDEO: Bill Gates Talks State Budgets and Education at TED 2011
Proposed California Pension Reform Measure Could Save Billions
The controversial “Public Employee Pension Reform Act” – which would “reform the excessive pension benefits provided to current government employees” – would save billions over the long haul and give local governments more room to maneuver in tight fiscal times, … Continue reading
California’s State Workers Need to Give More
As lawmakers and the governor struggle to forge consensus on solutions to close California’s remaining $15.4 billion budget deficit, one thing is clear. Savings and sacrifices must be made in every area of state spending if we are going to … Continue reading
Vista, California’s Financial Woes Show What Cities Face
VISTA — Gail Glass said she could not imagine that her city would be running so low on money that it would be forced to shut off streetlights on her block. Vista ended up issuing a brief reprieve on its … Continue reading
COMPARING PUBLIC AND PRIVATE EMPLOYEE COMPENSATION AND RETIREMENT BENEFITS IN CALIFORNIA
Read the latest study comparing public and private employee compensation. Continue reading
City of Sacramento Intensifies Budget Talks on Gaping $39 Million Deficit As Retiree Pension and Health Costs Increase
The city of Sacramento is facing a $39 million deficit in its general fund for the 2011-12 fiscal year that begins July 1. It’s the fifth straight year of cuts to the general fund, which pays for most city services, … Continue reading
