California Gov. Jerry Brown signed legislation Friday that will create the nation’s first state-run retirement savings program for private-sector workers, over the objection of critics who said it creates a new liability for taxpayers.
KCBS, CBS 5 and SF Chronicle Insider Phil Matier looks at why many Bay Area fire and police leaders are leaving their positions.
Gov. Jerry Brown has signed into law sweeping pension changes that will save California taxpayers billions of dollars in the future.
KCBS, CBS 5 and Chronicle Insider Phil Matier parses through whether Jerry Brown is doing a better job than his predecessors.
Moody’s is calling California’s pension reform plan a positive development for the state and local governments.
The state Legislature has approved a package of changes to California’s public employee pension system that is expected to save taxpayers billions of dollars, even as Republican lawmakers said much more needs to be done.
The bulk of the projected savings in the pension-reform deal announced by Gov. Jerry Brown won’t be felt for decades because most of the proposed changes will affect employees who have yet to be hired.
The San Jose City Council passed an ordinance Tuesday that will implement a second tier pension plan for new employees.
Gov. Jerry Brown on Tuesday announced systemic reforms to California’s badly underfunded public pension system that he says will save taxpayers billions of dollars over time.
The California State Auditor has released a new report showing San Jose officials likely overstated future pension costs by millions of dollars, with the higher figures used in the lead-up to June’s controversial pension reform measure.