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 looks at long-term rate hike to cut risk
Originally posted on Calpensions:
CalPERS is considering small increases in employer and employee rates over decades to reduce the risk of big investment losses, a policy that also would lower an earnings…
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 assumptions. The article cites a recent study that reveals, contrary to popular opinion, […]
Contra Costa County Schools Hit with Rate Increase to Fund Sanitary District’s $100k+ Pensions
Transparent California was featured in the Contra Costa Times and the OC Register today! From the Contra Costa Times op-ed, Contra Costa Sanitary District pensions should cover rate increase: Less than two […]
The Bakersfield Californian on Golden Empire Transit’s Pay Disparity
The Californian reports: Between 2012 and 2013, GET’s 10 highest-paid administrative employees received raises averaging more than 6 percent, according to the government employee wages website transparentcalifornia.com… GET bus drivers say it’s not […]
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, despite the intentions of the Affordable Care Act (ACA), is projected to continue […]
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 Los Angeles governments are purchasing wildly exorbitant health insurance for their employees, at […]
