$100,000 Pension Club Update: Mike Luery

A three-month investigation by CBS 13 reveals the list of retired government workers collecting six-figure pensions has grown by more than 3,000 names in the past year. Citrus Heights accountant Marcia Fritz has been crunching the numbers. “There’s over 12,000 … Continue reading

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LA Times Op-Ed: Marcia Fritz

One way or another, California will get public pension reform. When the governor and every expert who has looked at the books use the word “unsustainable” to describe California’s public pension systems, they’re not kidding. If the Legislature doesn’t fix … Continue reading

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Press Release: Public Employee Unions Misrepresent Pension Reform Analysis

A group representing several large public employee unions released a statement last week that mischaracterizes comments by California’s two largest public pension systems about a study of pension reform issues by California Foundation for Fiscal Responsibility. Continue reading

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Local Governments Would Save $2 Billion Annually If Employees Shared Pension Costs

California taxpayers would save $2 billion almost immediately –and billions more in the future — if local government employees paid half the annual cost of their retirement benefits, according to a study released today. Continue reading

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KXTV News 10 Video: Comparing public retirements to private

The debate over public pension reform is about to get even hotter. California’s state and local government workers make salaries similar to those at large private-sector employers, but get significantly higher retirement benefits. Continue reading

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CFFR’s Marcia Fritz: Fix pensions and we won’t have to fire teachers

California Foundation for Fiscal Responsibility President Marcia Fritz: California taxpayers would save billions of dollars that would flow to public schools, community colleges and universities if state and local public employees retired with benefits comparable to those provided to employees … Continue reading

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CFFR’s Maria Fritz: Want to save schools? Fix pension systems

Marcia Fritz, a certified public accountant, is president of the California Foundation for Fiscal Responsibility. The recession deserves most – but not all – of the blame for the 1,200 layoff notices mailed to Sacramento area teachers this year. You … Continue reading

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NY Times: California Teacher Pensions Fall Short of Other Public Workers

As states and cities debate whether benefits can or should be cut back for public workers, a new study suggests some of those workers have a lot more to fight for than others. The study found that public school teachers’ … Continue reading

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Gates Says Benefits Costs Hit Schools

Billionaire philanthropist Bill Gates will step into the national debate over state budgets Thursday with a call for states to rethink their health care and pension systems, which he says stifle funding for public schools. Mr. Gates in an interview … Continue reading

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Sacramento County’s Retirement Board Must Release Pension Data at Once

There is no excuse now. The 3rd District Court of Appeal has denied the Sacramento County employee retirement board’s petition for a rehearing of the court’s decision last month, ordering the board to make public the names and pension amounts … Continue reading

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