The Orange County Register published an editorial today which draws heavily on Transparent California’s data: Administrative bloat has increasingly become a problem for California schools at all levels, from K-12 through 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 […]
Transparent California Releases 2014 Salary Data for California State and University Employees Average State compensation package is $110,663; Average CSU compensation is $103,864 TUSTIN — Today, TransparentCalifornia.com released previously unseen 2014 salary […]
Transparent California Releases University of California’s 2014 Pension Data Average UC pension is $91,430; UC San Francisco leads system with average pension of $102,899 TUSTIN — Today, TransparentCalifornia.com released previously unseen 2014 […]
Over 8,000 LA County Retirees Made at Least $100k in Pension Pay as Taxpayer Cost Soars Last year, 8,088 retirees in the Los Angeles County Employees’ Retirement Association (LACERA) received yearly pension and […]
Today, Transparent California posted the San Diego City Employees’ Retirement System 2014 pension data. The report showed 809 retirees received payouts of at least $100,000, an 11% increase from the previous year, […]
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, […]