New Contract for Menlo Park, California’s Police Sergeants Includes Retirement Age Increase for New Hires
Menlo Park’s eight police sergeants have agreed to a two-year contract that includes no pay bumps and slashes 100 hours of paid work from the schedules of four sergeants, according to a city memo released Thursday. Contracts for the sergeants, … Continue reading
Official at Irvine, California’s Great Park Could Get a $332,282 Double-Dip
Orange County Great Park finance manager Kurt Mowery retired in December, but that doesn’t mean he stopped working. The very next month he was rehired, part-time to the very same job. And now the Great Park board — essentially the … Continue reading
Los Angeles Unions Will Contribute 4% of Pay Toward Toward Retirement Health Benefits to Save Jobs
Los Angeles city workers voted to contribute 4 percent of their salaries toward retirement health benefits for the first time to avoid furloughs and job cuts. About 19,000 full- and part-time employees were eligible to cast ballots yesterday, and 80 … Continue reading
Don’t Tax San Francisco Businesses to Pay for Public Employee Pensions
The legendary thief Robin Hood may have engaged in illegal activities, but at least he restricted his robbing to the rich and shared his loot with the poor. However, exactly the opposite would happen if pension reform for San Francisco … Continue reading
New Report Pending: What Will the Nation’s Public Pension Funding Gap Be Now? $3 Trillion? $5 Trillion?
This time last year they said the gap for public employee pension and retirement health care promises was $1 trillion. What will it be when the Pew Center on the States releases its updated study next week: $3 trillion? $5 … Continue reading
Court Says San Diego Can Make Changes to City’s DROP Program
A state appeals court has ruled that the city of San Diego can make adjustments to a controversial benefit offered to its public employees to ensure it isn’t a drain on city coffers. But the question of whether the Deferred … Continue reading
Number of Retired San Diego City Workers Collecting $100,000-Plus Pensions Jumps 71% Over Previous Year
Data shows big jump in $100,000-plus pensions SAN DIEGO — The number of retired San Diego city workers collecting more than $100,000 annually in retirement has risen to 487 — a 71 percent increase from a year earlier, according to … Continue reading
Why Is the San Leandro, California’s Public Employee Pension Liability So High?
San Leandro currently has the highest PERS rate for police and firefighters of any city in Alameda County. Pension reform, pension sustainability — whatever you want to call it, public employee pensions and how to contain the costs of covering … Continue reading
Why Did Irvine Ranch Water District Sweeten Pension Benefits?
We told you recently that more than 200 agencies boosted retirement benefits for public workers since 2008, which is when the financial cookie began to crumble. Nine Orange County agencies were among them. Four cities granted sweeter pension formulas to … Continue reading
California Local Governments Continued to Enhance Employee Pensions Amid Economic Collapse
The bills for enhanced pension benefits in Costa Mesa, San Bernardino and other cities and agencies are coming due. Drastic cuts and legal battles are just some of the consequences. Scores of California government agencies continued to sweeten employee pension … Continue reading
