A new rule currently being considered by the Actuarial Standards Board would finally require public pensions to meaningfully account for risk. In a commentary for the Voice of San Diego, I explain how […]
Robert Fellner
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, fraud and abuse, a just-filed lawsuit alleges. The problem of disability fraud has […]
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 percent more in total compensation than their similarly skilled and educated private-sector counterpart. […]
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 — an amount which is over 300 percentage points more than the increase […]
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, in which we documented a nearly 900% increase in promised CalPERS pension benefits over […]
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 “Extraordinary Audit of Montebello Unified School District.” In the introduction, the audit cites […]
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 than the cumulative increase in the county’s population, according to a just-released analysis […]
