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pension spikes Archive
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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... -
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″... -
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... -
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... -
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.... -
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... -
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... -
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... -
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.... -
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... -
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... -
Cal State Fullerton’s Pension Tsunami Shell Game and Our Kid’s Future
Posted on April 9, 2010 | 1 CommentAfter showing you how management lives in the lap of luxury last week, I received an email from a Friend who brought to my attention a Cal State University system... -
California’s unfunded public employee pensions total more than $500 billion
Posted on April 8, 2010 | 7 Comments“The state of California’s real unfunded pension debt clocks in at more than $500 billion, nearly eight times greater than officially reported,” according to the L.A. Times. A new study... -
Fuzzy Math Behind Pension Liability Estimates
Posted on April 7, 2010 | 5 CommentsCurrently there is much hysteria regarding the unfunded liability amounts being reported as future costs that states, cities, counties, school districts and other public agencies face. Huge amounts are thrown...









