The Marin Municipal Water District recently proposed a rate hike that would increase most residents’ water bills by an average 27 percent. The proposal comes on the heels of a recently released “cost of service analysis” […]
2014 was the first year in which CalPERS provided an annual pension amount, as compared to the base monthly amount they provided in previous years. Multiple CalPERS members reported to Transparent California that […]
On our website, viewers can see the average full-career pension by employer for CalPERS or any other public pension plan in California. We define a full-career as those with at least 30 […]
Transparent California now has 2014 pension data for virtually every major California government agency. In addition to the 2014 data for CalPERS and CalSTRS, data is now available for many of the […]
Oregon’s former Secretary of State, Phil Keisling, weighs in on the reality that most fire departments are primarily responding to EMT calls, and offers some interesting solutions: This isn’t just a big-city […]
PensionTsunami.com brings us these remarkably insightful remarks from David Crane that explain why – when already carrying an unfunded liability – a pension system needs to outperform, not merely hit, their investment target in order […]
Nobel laureate William F. Sharpe spoke to the Financial Analysts Journal on how public pension plans use inappropriately high discount rates to understate their true liability: Are public pensions a problem? You bet. […]
CalPERS recognizing their discount rate is inappropriately high; yet political pressure is used as a counter argument against adopting a fiscally sound rate!
The Reason Foundation has a fantastic article on the systemic, behavioral bias at play in making public pension actuarial assumptions. The article cites a recent study that reveals, contrary to popular opinion, […]
Executive Summary The price of health insurance in America has consistently risen faster than the rate of inflation and, despite the intentions of the Affordable Care Act (ACA), is projected to continue […]