Inglewood police chief gets an extra $61,000 annually for taking a 2-week course
Median earnings for Inglewood residents was around $30,000 last year. Those same residents are required to pay for a…
Why is the media treating CalPERS with kid gloves?
Yves Smith of the Naked Capitalism blog has presented irrefutable evidence that CalPERS CEO Marcie Frost submitted false information…
Ignoring risk hides pension costs from policymakers
A new rule currently being considered by the Actuarial Standards Board would finally require public pensions to meaningfully account…
CalPERS sued for withholding complete pension data
The California Public Employees’ Retirement System (CalPERS) is unlawfully withholding information necessary to help safeguard the system from waste,…
DMV supervisor unaware that sleeping on the job for 4 years straight requires disciplinary action
The most robust study ever conducted on the topic found that the average California state government worker earned 23…
1,237% increase in promised pensions dwarfs San Diego’s economic growth, taxpayers’ ability to pay
The total pension benefits promised by the San Diego County Employees’ Retirement Association (SDCERA) increased 1,237 percent from 1986-2016…
John and Ken Show 7/23/18
The good folks over at the John and Ken show had me on yesterday to discuss our latest report,…
Transparent California helps uncover massive fraud in LA school district
On Monday, the Los Angeles County Office of Education and the Fiscal Crisis and Management Assistance Team (FCMAT) released their…
Marin County promised pension benefits up nearly 1000%, dwarfing rate of economic growth
The total pension benefits promised by Marin County increased 982 percent from 1986-2016 — a rate 58 times greater…
Nearly 900% increase in CalPERS benefits dwarfs economic growth, taxpayers’ ability to pay
The total pension benefits promised by the California Public Employees’ Retirement System (CalPERS) increased 886 percent from 1987-2016 —…