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California Pension Reform

California Pension Cutters Bet Against Prosperity

The following story was reported by Capital and Main as part of its California Exposé investigative series, and published here in collaboration...

How Will Stockton Pay Its Pensions?

AP | TRACIE CONE | Posted 04.02.2013 | San Francisco

SACRAMENTO, Calif. -- On its first official day in bankruptcy, the city of Stockton now must grapple with the hard part of reorganizing its financial ...

Gov. Brown Signs Hard-Fought Reform Bill Into Law

AP | GREG RISLING | Posted 09.12.2012 | Los Angeles

LOS ANGELES -- Gov. Jerry Brown on Wednesday signed into law sweeping pension changes that will save California taxpayers billions of dollars in the f...

How Jerry Brown Saved California Billions Of Dollars

AP | JULIET WILLIAMS and JUDY LIN | Posted 09.01.2012 | Los Angeles

SACRAMENTO, Calif. -- The state Legislature on Friday approved a package of changes to California's public employee pension system that is expected to...

Governor Announces Dramatic Cuts To California's Retirement Benefits

AP | JUDY LIN | Posted 10.28.2012 | San Francisco

SACRAMENTO, Calif. — With election politics in play, Gov. Jerry Brown on Tuesday announced systemic reforms to save billions of dollars in Calif...

California Cities On Verge Of Sweeping Reform

Reuters | Posted 08.05.2012 | Business

(Updates with final vote counts) By Peter Henderson SAN FRANCISCO, June 6 (Reuters) - Voters in San Jose and San Diego,...

Aaron Sankin

'Suck It Up And Vote For The Tax'

HuffingtonPost.com | Aaron Sankin | Posted 05.05.2012 | San Francisco

SAN FRANCISCO -- During a Thursday afternoon appearance at a conference filled with some of the heaviest hitters from worlds of business and politics,...

PENSIONPALOOZA: Voters Approve Major Overhaul To City's Retirement Program

AP | Posted 01.10.2012 | San Francisco

By Jason Dearen, Associated Press SAN FRANCISCO (AP) -- Resounding voter support this week for pension reform measures in San Francisco and Modesto...

Shades of Brown: Cities and the Governor's Pension Reforms (Part 2)

John Mirisch | Posted 01.09.2012 | Los Angeles
John Mirisch

Without serious pension reform, kiss new taxes or tax extensions goodbye, no matter how much money special interest groups or unions spend trying to sell us the latest bill of goods.

Shades of Brown: Cities and the Governor's Pension Reforms (Part 1)

John Mirisch | Posted 01.08.2012 | Los Angeles
John Mirisch

Even though there are those who would make it political, the subject of pension reform for government employees in California is not really a political issue: it's a mathematical issue.

Jerry Brown Introduces Sweeping Changes To State's Retirement System

AP | JULIET WILLIAMS | Posted 12.27.2011 | San Francisco

SACRAMENTO, Calif. — Gov. Jerry Brown is set to propose sweeping rollbacks to public employee pension benefits, including raising the retirement...

POLL: Democratic Voters Want Pension Reform

latimes.com | Shane Goldmacher, Los Angeles Times | Posted 06.26.2011 | Los Angeles

Reporting from Sacramento-- California voters want government employees to give up some retirement benefits to help ease the state's financial problem...

Vernon City Admin. Gets Almost $520,000 In Annual Pension

washingtonpost.com | Karen Tumulty | Posted 05.25.2011 | Los Angeles

Whoever it was who came up with the phrase "golden years" might have had Bruce Malkenhorst Sr. in mind. The retired city administrator of Vernon, C...

CalPERS Agrees To Cuts In New Contract

AP | SAMANTHA YOUNG | Posted 05.25.2011 | Los Angeles

SACRAMENTO, Calif. — Members of California's largest state employee union approved a contract Tuesday that cuts pay by nearly 5 percent for 95,0...

California's Model "Newocrat": David Crane's Crusade for Pension Reform and High-Speed Rail

Nathan Gardels | Posted 05.25.2011 | Politics
Nathan Gardels

Those who inhabit a paradigm of fiscal responsibility combined with investment in infrastructure and education are "newocrats." California has such a model "newocrat" in the person of David Crane.

California Seeks To Reform Pension Funds

AP | CATHY BUSSEWITZ | Posted 05.25.2011 | Los Angeles

SACRAMENTO, Calif. — California lawmakers took a step Wednesday toward cracking down on the middlemen that help private investment firms land lu...