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pension spikes Archive
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Fullerton’s Real Unfunded Pension Liability: At Least $60 Million
Posted on September 2, 2010 | No CommentsLast year CalPERS reported that the city of Fullerton is facing an unfunded pension liability of $37,531,831 on our public safety employees’ retirement plan. That’s the amount that we currently owe our public servants above... -
Dissecting McKinley’s Phony Pension Reform
Posted on September 1, 2010 | No CommentsThe other day we challenged retired police chief and $215,000 public pensioner Pat McKinley to put some real meat behind his dubious claim that he will “work to reform public employee pensions.” Over the weekend... -
Will the taxpayers have to pay SAUSD Trustee Audrey Yamagata-Noji over $200K per year in retirement?
Posted on August 19, 2010 | 4 CommentsI have helped, over the past few years, to get rid of two “double-dippers” on the Coast Community College District’s Board of Education, Armando Ruiz and Walt Howald. These guys were running, again and again,... -
Noob Accidentally Highlights Pension Reform Failures
Posted on August 13, 2010 | 2 CommentsBy taking the more generous retirement plan that was presented to him as a County employee, Supervisor Shawn Nelson has created an onslaught of Internet outrage from the Blue and Red blogs. Nelson says it... -
Most Republican legislators voted to spike public employee pensions
Posted on July 11, 2010 | 14 CommentsMy colleague Larry Gilbert has written a post fingering State Senator Lou Correa for authoring Senate Bill 400, way back in 1999. This bill allowed the now-infamous “3% at 50″ pension spike – which has... -
Fullerton’s Pension Watchdog Endorses Shawn Nelson
Posted on June 7, 2010 | No CommentsThe Fullerton Association of Concerned Taxpayers (FACT) just sent us the following endorsement of Shawn Nelson for County Supervisor in Orange County’s Fourth District: “During his 8 years on the Fullerton City Council, Shawn has... -
The OC Register Editorial Board on the Fourth
Posted on June 6, 2010 | 1 CommentToday the print edition of the OC Register contains two endorsements of Shawn Nelson. One is in their list of all ballot and candidate endorsements. The second is part of a piece called “Ten things... -
Judge Tells OCERS To Release Names and Pensions
Posted on June 4, 2010 | 1 CommentThose interested in Orange County government accountability and pension reform won a legal battle Wednesday. In a ruling over a petition filed by the California Foundation For Fiscal Responsibility vs. the Orange County Employees Retirement... -
Is another Coast Community College District Trustee trying to double his pension?
Posted on May 12, 2010 | 4 CommentsIs Coast Community College District Trustee Walter G. Howald trying to rip off the taxpayers? Do you remember former Coast Community College District Trustee Armando Ruiz? He was the guy who retired for one day... -
Hutchens Hit on Double Dipping
Posted on May 8, 2010 | 4 CommentsSafeOC just sent this mailer out across Orange County. The PAC is trying to put appointed OC Sheriff Sandra Hutchens squarely in front of the tsunami of public outrage over financial woes that stem from... -
Sidhu on Defined Benefits
Posted on May 7, 2010 | 1 CommentJust in case you missed the recent OCGOP showdown between Shawn Nelson and carpetbagger Harry Sidhu, we generously share a video clip showing Sidhu trying to to talk about defined contributions versus defined benefits. Since... -
Nelson vs Sidhu; Round 3 – WTF?
Posted on April 23, 2010 | 3 CommentsIt is amazing that Harry Sidhu doesn’t understand what “defined benefits” are… and yet he wants to negotiate with public employee unions as our Supervisor! Watch and see for yourself. Ding: Read “Nelson vs Sidhu;... -
Let’s Recoup our Pension Fund & Investment Losses from Wall Street & Washington
Posted on April 23, 2010 | 2 CommentsA couple of San Mateo area Congresswomen and the County of San Mateo seem to be ahead of the curve in fixing responsibility for pension fund and other local government investment losses on Wall Street... -
Pension Underfunding – The Actuary Did It
Posted on April 21, 2010 | 2 CommentsDo a Google search for the word actuary, and a litany of definitions is presented. Here is a definition from the U.S. Department of Labor, Bureau of Labor Statistics: Actuaries analyze data to estimate the...
