Average 2014 pensions for California’s 20 independent county retirement systems
Transparent California now has 2014 pension data for virtually every major California government agency. In addition to the 2014…
Governing Magazine: Why We Need to Take the ‘Fire’ Out of ‘Fire Department’
Oregon’s former Secretary of State, Phil Keisling, weighs in on the reality that most fire departments are primarily responding…
Unfunded liabilities as quicksand: Why it is so difficult to return to funded status
PensionTsunami.com brings us these remarkably insightful remarks from David Crane that explain why – when already carrying an unfunded liability –…
Nobel Laureate: Public Pensions are a “Disaster” and Rely on “Idiotic” Accounting
Nobel laureate William F. Sharpe spoke to the Financial Analysts Journal on how public pension plans use inappropriately high discount…
CalPERS looks at long-term rate hike to cut risk
CalPERS recognizing their discount rate is inappropriately high; yet political pressure is used as a counter argument against adopting…
Why Public Pension Forecasters Consistently Get it Wrong
The Reason Foundation has a fantastic article on the systemic, behavioral bias at play in making public pension actuarial…
LA Water District paid $42,942 for a single employee’s health insurance plan
Executive Summary The price of health insurance in America has consistently risen faster than the rate of inflation and,…
LA governments pay 71% more for health insurance than private employers, pay up to $43,000 per plan
Despite the warning from the Government Accountability Office (GAO) of the impending burden to state and local governments from rising healthcare costs, many…
2013 Charter Schools Data Added – Charter Teachers Make Substantially Less than Public
Transparent California has just been updated with 2013 salary and benefits data for 82 charter schools from across the state;…
CalPERS state worker rate increase: $487 million
The Calpensions blog – one of the best sources for accurate, comprehensive info on California’s pension systems – explains…