The nation’s largest teachers’ pension fund says it will review its holdings after being criticized for having an investment in the manufacturer of an assault rifle used in last week’s Connecticut school massacre.
San Jose City Councilwoman Rose Herrera won re-election on Tuesday in a tough race where opponents made an issue of her support for pension reform.
Anyone who follows San Jose politics knows that the San Jose Police Officers Association and councilwoman Rose Herrera have long been at odds – particularly, over law enforcement budget cuts and pension reform. Their war of words only seems to be heating up as the November election nears.
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.