Gov. Brown Signs Sweeping Pension Reform Bill Into LawGov. Jerry Brown has signed into law sweeping pension changes that will save California taxpayers billions of dollars in the future.
Phil Matier: Gov. Brown Says He's Reducing Dysfunction Of State GovernmentKCBS, CBS 5 and Chronicle Insider Phil Matier parses through whether Jerry Brown is doing a better job than his predecessors.
Moody’s Says California Pension Reform A Positive StepMoody’s is calling California’s pension reform plan a positive development for the state and local governments.
California Lawmakers Approve Pension Changes Supported By BrownThe 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.
Law Restricts Pension Cuts For California State WorkersThe 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.
San Jose To Implement Pension Reform For New HiresThe San Jose City Council passed an ordinance Tuesday that will implement a second tier pension plan for new employees.
Gov. Brown Scores Partial Win In California Pension Reform BattleGov. 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.
State Auditor Report Finds San Jose Likely Overstated Future Pension CostsThe 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.
Credit Rating Agency Warns Of More California City Bankruptcies, Bond DefaultsOne of the nation’s top credit rating agencies will begin a wide-ranging review of municipal finances in California because of what it sees is a growing threat of increased city bankruptcies and bond defaults.
Grand Jury Finds San Francisco's Pension Investments Too RiskyA grand jury said San Francisco’s pension fund investments were too risky.
Cash-Strapped CoCo County Fire Departments Weigh Ballot Options, Station ClosuresSkyrocketing pension costs and slumping property tax revenues could send Contra Costa County firefighters to the ballot box to help keep their stations open.
CalPERS Reports Dismal 1 Percent ReturnThe nation’s largest public pension fund reported a dismal 1 percent return on its investments, a figure far short of projections that will likely add pressure on California’s state and local governments to contribute more.
California Teacher Pension Fund Posts Low Investment ReturnCalifornia’s teacher pension fund has earned a 1.8 percent return from investments this year, a rate that falls short of expectations and could add to the system’s shortfall.
Opinion: A Doctor's Opinion Of ObamacareGood, hard-working Americans shouldn’t be forced to contemplate leaving their chosen profession as they are with federal laws such as Obamacare.
Brown, Democrats Fail To Reach Pension Reform DealThe governor said he couldn’t reach a deal with lawmakers on his comprehensive proposal that included raising the retirement age and moving workers to a hybrid pension-401(k) system.