Tag Archives: Pensions

The California Pension Crisis

Posted on July 31, 2016 by Russ

Last week, the California Public Employees’ Retirement System (CALPERS) released its rate of return for the past year. CALPERS budgets based on a 7.5% return per year. In a “Missed it by that much” moment, they came in at 0.61%. … Continue reading →

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“Threatens to Bankrupt [California]”

Posted on October 6, 2010 by Russ

That line was used by the Orange County Register to describe the California Center for Public Policy’s report on Pensions and Employee Compensation. That’s scary. Here’s a quote from the Register: The report says that the state’s tax-paid pensions have … Continue reading →

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Only in Government Can the Lender and Borrower be the Same

Posted on June 13, 2010 by Russ

When I read this, I did a double take. From the New York Times: Gov. David A. Paterson and legislative leaders have tentatively agreed to allow the state and municipalities to borrow nearly $6 billion to help them make their … Continue reading →

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What’s $2 Trillion Among Friends

Posted on January 9, 2010 by Russ

From the Financial Times comes word that there are $2 Trillion worth of unfunded pensions at just the state and local level in the United States. The Financial Times article relies on a study by Orin Kramer of New Jersey’s … Continue reading →

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