Domino Effect: Pension Cutters Gamble on a California Ballot Measure

By: Thursday July 24, 2014 7:17 pm

Jon Coupal is nothing if not blunt when he describes one motive behind a Ventura County ballot measure that would replace the “defined benefit” pensions currently enjoyed by county employees and replace them with 401(k)-type plans for all future hires.

“This is meant to be a template for other counties,” Coupal tells Capital & Main. By that, the Howard Jarvis Taxpayers Association’s president means the measure’s conservative and libertarian backers see the “Sustainable Retirement System Initiative” as the newest and most promising weapon in their assault on California’s public employee retirement plans.


Former CEO of California Pension System Pleads Guilty to Fraud and Bribery

By: Friday July 18, 2014 11:19 am

Fred Buenrostro, a former CEO of the California Public Employees’ Retirement System (CalPERS), plead guilty in federal court last week to conspiracy to commit bribery and fraud. Buenrostro was the CEO of CalPERs from 2002 to 2008 and admitted to engaging in numerous corrupt and illegal activities while managing the second largest pension fund in America with an investment portfolio worth $291 billion.

City of Stockton Set for Bankruptcy

By: Tuesday April 2, 2013 12:10 pm

Can cities go bankrupt? Apparently or so a federal judge ruled yesterday. The city’s creditors, of which there are many, fought against the move but to no avail.

News Roundup from April 23, 2012

By: Tuesday April 24, 2012 6:30 am

Our news roundup continues with selected stories and links from April 23, 2012, about, swaps regulation, CalPERS, Argentina oil seizure, Brazil, labor strikes, Supreme control, Tim Geithner, Jim Crow, People’s Park, nuclear power and more.

Small State-Based Exchanges in Senate Health Bill Will Not Control Costs

By: Monday December 28, 2009 7:15 pm

Almost all evidence points to the simple conclusion that the new health insurance market places in the Senate bill called “exchanges” will not slow the out-of-control increase in health care costs.

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